How much investment is needed to stabilize Venezuela's National Electric System?
Electrical engineer Arturo Arenas indicated that to stabilize the National Electric System (SEN) of the country, an investment of between US$ 15,000 and US$ 40,000 million must be made, according to a report from the companies Siemens Energy and General Electric (GE). In this sense, he added that if this investment were made, it would allow the Venezuelan electric system to begin to have significant improvements in the short, medium, and long term, that is, the integral improvement process to achieve a reliable service would take between 5 to 15 years.
TL;DR
- Stabilizing Venezuela's National Electric System requires an investment of US$15 to US$40 billion.
- Significant improvements to the electric system could be achieved within 5 to 15 years with this investment.
- Energy saving is proposed as a method to help alleviate the electrical crisis.
- Hydroelectric thermal plants in poor condition need to be recovered.
- Current energy demand is 14,800 MW; saving 5% of demand would conserve 600 MW.
- Siemens Energy and General Electric conducted technical evaluations of critical electricity generation units, focusing on the Bajo Caroní hydroelectric complex.
- No specific rehabilitation contracts have been discussed yet.