New fears of energy crisis in Venezuela

According to experts, Venezuela is at risk of an energy crisis similar to the one it suffered last year, which resulted in power cuts that seriously damaged its economy, reports the Agence France Presse (AFP).
It was thought that Hugo Chavez's government had put behind any fears of power cuts following heavy rain fall at the end of last year, which helped to replenish the country's largest hydroelectric facility, the Guri Dam.
It currently supplies electricity to over 70 per cent of the population.
However, a recent power cut exposed what many believe is still a frail energy system that unable to meet consumer demand.
"The crisis has not been discussed because demand has been low," Jose Aler, a researcher at Simon Bolivar University, told the AFP.
For more Business news.

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


Logistics Risk Management in the Transformer Industry

Transformers often are shipped thousands of miles, involving multiple handoffs,and more than a do...

Secrets of Barco UniSee Mount Revealed

Last year Barco introduced UniSee, a revolutionary large-scale visualization platform designed to...

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...