Colombia and Venezuela Accelerate Cross-Border Power Interconnection with Investments Exceeding $22 Million.

The Daily Journal — The governments of Colombia and Venezuela are moving forward with the reactivation of their binational power interconnection through a project in the Vichada border region. The initiative aims to expand electricity coverage, strengthen energy security, and revive cooperation in energy infrastructure between the two countries. Colombia’s Minister of Mines and Energy, […]

Continue Reading

U.S.-Owned Company Renegotiates Contract With Venezuela to Add 672 Megawatts to the Power Grid

Reuters — Energy company IMPSA has made progress in renegotiating a contract to develop and rehabilitate two key hydroelectric projects in Venezuela, a move that could add up to 672 megawatts of generating capacity to the national power grid in the coming months, company President Jorge Salcedo told Reuters. More than a decade ago, IMPSA—originally […]

Continue Reading

Venezuela Reforms Law to Open the Electricity Sector to Private Capital

The Daily Journal — In a strategic shift for the country’s energy policy, the National Assembly unanimously approved the Partial Reform Bill of the Organic Law of the Electric System and Service during its first debate on Thursday. The national executive submitted the bill, which opens the sector to private and mixed capital under a […]

Continue Reading