Despite large reserves of crude oil, the country relies on hydroelectricity for 70 percent of its power needs.
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Published News
Chávez Declares an ‘Electricity Emergency’ in Venezuela (New York Times)
Posted by admin 1 hour 46 minutes ago (http://us.rd.yahoo.com)Venezuela declares emergency amid energy crisis (San Francisco Chronicle)
Posted by admin 5 hours ago (http://us.rd.yahoo.com)
President Hugo Chavez has signed a decree declaring an energy emergency in Venezuela to facilitate his government's efforts to ease severe energy shortages. Venezuela imposed electricity and water rationing in December to prevent a collapse of the electricity... Venezuela - Hugo Chávez - South America - Energy crisis - President of the United States
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CARACAS, Venezuela (AP) — Venezuelan President Hugo Chavez has launched a new radio program in which he can take to the airwaves at any time of the day or night.
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CARACAS- Venezuela is facing the worst drought in a century and needs to be placed under an "electricity emergency," President Hugo Chavez said Monday in his new, "any-time" radio program "Suddenly With Chavez."
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President Hugo Chavez inaugurated a folksy new radio talk-show on Monday by declaring an "electricity emergency" in oil-rich Venezuela.
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184 Communes Currently in Formation in Venezuela (Venezuelanalysis.com)
Posted by admin 7 hours ago (http://us.rd.yahoo.com)
Merida, February 8 th , 2010 (Venezuelanalysis.com) – With 184 socialist communes in construction in Venezuela, yesterday, during his weekly TV show Alo Presidente , president Hugo Chavez emphasised the need for “production independent of the capitalist market†in these communes and in general, and also directed Caracas mayor Jorge Rodriguez to expropriate buildings in plaza Bolivar in order to .
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Venezuela to Give Companies 2.6 Rate, Socias Says (Update1) (Bloomberg)
Posted by admin 9 hours ago (http://us.rd.yahoo.com)
Feb. 8 (Bloomberg) -- Venezuela will allow foreign companies to exchange dollars for 2.6 bolivars apiece, lower than the 4.3-bolivar rate applied for non-essential items, a former planning minister said.
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NEW YORK----Fitch Ratings has today affirmed the Bolivarian Republic of Venezuela's Long-term Foreign and Local currency Issuer Default Ratings at 'B+'. The Rating Outlook for both IDRs is Stable.
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