Venezuela’s worsening electricity crisis threatens economic recovery, with widespread blackouts disrupting businesses and oil production. The country faces urgent challenges in repairing aging infrastructure, restoring generating capacity, and attracting private investment. Agreements with GE Vernova and IMPSA aim to rehabilitate power plants and modernize the grid. Proposed electricity reforms could open the sector to private participation, but investors need reliable contracts and payment guarantees. Potential El Niño conditions further threaten hydropower generation, increasing the urgency of diversifying electricity sources. LINK.
