Tag: Venezuela reconstruction

Venezuela’s power grid generates less than 40% of its installed capacity, expert says

Tatiana Da GamaLeave a Comment on Venezuela’s power grid generates less than 40% of its installed capacity, expert says

Venezuela has an estimated installed capacity of 34 gigawatts (GW) but generates approximately 13 GW against demand of 16 GW. Underinvestment, infrastructure failures, and the loss of skilled personnel are hindering the country’s industrial recovery. The Daily Journal – Venezuela’s electricity system generates approximately 13 gigawatts (GW), less than 40% of its estimated installed capacity […]

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Venezuela gains access to $346 million from the IMF for post-Earthquake reconstruction

Tatiana Da GamaLeave a Comment on Venezuela gains access to $346 million from the IMF for post-Earthquake reconstruction

The Daily Journal — Acting President Delcy Rodríguez announced on Friday that Venezuela has secured an initial $346 million from its own funds held at the International Monetary Fund (IMF) following the emergency caused by the twin 7.2 and 7.5 magnitude earthquakes that struck the country’s northern region on June 24. “Following the devastating twin […]

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