Experts warn that restoring the Venezuelan electrical system will require up to USD 40 billion
The diagnosis prepared by firms like Siemens Energy and General Electric reveals the magnitude of the challenge facing the national electricity sector. According to engineer Arturo Arenas, who has coordinated these preliminary studies, the investment needed to guarantee a reliable service ranges between USD 15 billion and USD 40 billion, with an execution period that could extend between 5 and 15 years.
TL;DR
- The national electricity sector requires an investment of USD 15 to USD 40 billion for reliable service over 5 to 15 years.
- Immediate priorities include recovering thermal and hydroelectric plants in critical condition.
- A 5% reduction in residential electricity consumption could alleviate approximately 600 megawatts of load.
- A slight improvement in supply conditions is estimated by the end of April, but structural solutions require intervention in networks and substations.
- CAF is slowly disbursing funds for these projects.
- Current electricity demand is around 14,800 megawatts.