Reliability as the big persuader to privatize the electrical system in Venezuela
- Tecnoconsult/Tecnofluor, Caracas (Venezuela). Power Div.
Throughout the past five years, the Venezuelan authorities, especially the Fondo de Inversiones de Venezuela (FIV), have done a major effort to privatize many of the state owned industries, among them, the electrical public utilities and some important electrical power generation plants or systems based on thermal generation. Mainly along the recent past years, black and brownouts have become more frequent in the system. In other words, system reliability has been diminishing, as a consequence of investment capital and O and M expenses have been reduced to levels below the required by the system. Public opinion is exercising pressure on politicians, so signals are that Congress will probably approve during the current or beginning of next years the required laws to expedite privatization and assure incentives and guaranties to investors. This paper deals with the insides of all these aspects, and with how soon privatization will be carried out. The FIV has been committed to implement this process.
- OSTI ID:
- 318991
- Report Number(s):
- CONF-980426-; TRN: IM9909%%150
- Resource Relation:
- Conference: American power conference, Chicago, IL (United States), 14-16 Apr 1998; Other Information: PBD: 1998; Related Information: Is Part Of Proceedings of the American Power Conference: Volume 60-1; McBride, A.E. [ed.] [Illinois Inst. of Tech., Chicago, IL (United States)]; PB: 613 p.
- Country of Publication:
- United States
- Language:
- English
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