Updated · Renewables Auctions and the Energy Transition · Jun 16
Venezuela Signs IMPSA, GE Power Deals to Add 2.64 GW as Blackouts Persist
Updated
Updated · Renewables Auctions and the Energy Transition · Jun 16
Venezuela Signs IMPSA, GE Power Deals to Add 2.64 GW as Blackouts Persist
1 articles · Updated · Renewables Auctions and the Energy Transition · Jun 16
Summary
Delcy Rodríguez said Venezuela signed an agreement with IMPSA to complete the Tocoma hydropower plant, a move expected to add 2,640 MW to national generating capacity.
A separate memorandum with General Electric targets structural recovery of the grid by returning idle units to service and improving existing assets, with 1 GW planned within 24 months and more than 5 GW over four years.
The push comes as peak demand exceeds 15.5 GW against about 12 GW of available capacity, leaving Venezuelans facing recurring daily outages and recent hours-long cuts in parts of the west.
Rodríguez called fixing the long-running electricity crisis a priority, though Reuters reported on June 13 that foreign power companies have been wary of repair work because of uncertainty over payment terms.