If I understand correctly (still not 100%) - "you" are the members of the urbanisation's committee. The property in question is currently owned by a bank. In that case, there is almost certainly nothing "you" can do, since it's not your property. Other than notifying the bank (owner) and hoping they do something about it.
Unless the "squatters" have a rental contract or escritura to show they have a right to occupy the property, I can't see any electric company connecting a power supply for them. If the meter has been removed, the only way they can be getting electricity is by tapping into someone else's.
Sorry, can't offer anything more.
P.S. Are you the same community as the one mentioned here? https://www.eyeonspain.com/forums/posts-long-22819.aspx
This message was last edited by Roberto on 25/03/2017.