Friday, 20 September 2013

Venezuela Power Report Q4 2013

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Venezuela Power Report Q4 2013
Sep 18th 2013, 00:00

Price: $ 1295  

BMI View: Despite a small number of power projects coming online over the past year, resulting in a relatively robust growth in net capacity for 2012 (particularly in terms of thermal capacity), Venezuela is still significantly underperforming its regional peers. The country's business environment is notably unattractive, with high levels of corruption, an opaque tendering process and extremely low levels of liberalisation within the power market. Furthermore, electricity output from successfully commissioned plants is at the mercy of Venezuela's aging and inefficient T&D infrastructure - with power outages still a pressing concern for the majority of the population. Over the past year, Venezuela's power market has swelled in terms of capacity. For instance, according to a report from Bnamer ...

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