electricrevolution

Article

Green light for private electricity production: National Assembly ready to approve legal reform

National Assembly President Jorge Rodríguez announced that parliament expects to approve the Reform of the Electricity System and Service Law at the session on Tuesday, November 10.
National Assembly (AN) President Jorge Rodríguez announced that parliament expects to approve, in its second reading, the Partial Reform of the Organic Law on the Electricity System and Service at the session scheduled for Tuesday, November 10.
“We are approving a very extensive law, but next Tuesday we are going to enact it so that President Rodríguez can promulgate it,” said the president of the Venezuelan parliament during his participation in an event held in Yaracuy state this Friday, November 6.

Adil riaz Riaz ahmed

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Article

Electricity, Bitcoin, and the blockchain: understand before judging.

Electricity, Bitcoin, and the blockchain: understand before judging
Part 1 — The day a simple question changed the way I see the world
“What is electricity for?”
A simple question… but one that holds a great lesson.
When a child asks what something is for, we don’t mock them. We explain. Because before becoming indispensable, every invention was first unknown.
Today, imagine a world without electricity: no light, no internet, no smartphones, no modern industries.

BNB-3.56%

😏😔😔😶

🤑POLYMARKET EN 😁

🇻🇪87% of Venezuelans report losing electricity at least 4 days a week in a new national survey.

#Polymarket #venezuela #ElectricRevolution #Venezuela2026 #predictons $BTC

🔗Banking and Business

🏠Nine out of ten homes in Venezuela sell for less than the seller’s latest asking price, according to report

Many homeowners accept discounts on the initial price of the home to complete the sale.

According to Bloomberg Línea, the document records median discounts of 6% off the asking price of the property, with negotiations taking place when the sale is finalized.

🔗🇻🇪Delcy Rodríguez on the Electric Service Law: It will allow private investment and a new management model for the SEN

Delcy Rodríguez, Venezuela’s acting president, stressed that approval of the reform to the Electric Service Law will open the door to domestic and international investment, both public and private.

“I want to thank Venezuela’s deputies, both men and women, and our Parliament for unanimously passing this proposal put forward by the National Executive, which will allow for a new management model for the National Electric System, opening the door to domestic and international investment, both public and private,” she said from Turkey, where she will take part in the 31st United Nations Climate Change Conference.

🔗🇻🇪Tucacas business association reports that electricity bills have risen by 40% despite service outages

The Tucacas business association, in Falcón state, rejected the increase in electricity service rates. They say businesses in the area have received very high bills despite the daily power supply outages, and are therefore calling for a review.

🔗🇮🇱#Israel — 🟥🤝🟦Israeli opposition leader Gadi Eisenkot invited Benjamin Netanyahu’s Likud party and its allies to join a national emergency government under his leadership

#venezuela #ElectricRevolution #inmueblesVenezuela #DelcyRodriguez $BTC

Article

IMPSA: Restoring 672 megawatts at Macagua and Tocoma will create more than 1,000 jobs

IMPSA's official information indicates that the first phase aims to restore 240 MW at Macagua by rehabilitating Units 4, 5, and 6, and 432 MW at Tocoma through Units 1 and 2.
IMPSA, the U.S.-Argentine engineering company, launched a major rehabilitation and modernization program for the Macagua and Tocoma hydroelectric plants.
The project agreement was signed with Corpoelec on August 12 to restore electricity generation capacity, improve energy supply for households and communities in Venezuela, and support economic growth.

Article

Repairs to Venezuela’s power grid are on hold because of delayed payments

The U.S. company has already selected the contractors and completed the engineering and planning work.
Repairs to Venezuela’s power grid are on hold because of delayed payments. Power lines run across transmission towers in Maracaibo, in Zulia state, Venezuela. (Carlos Becerra)
Bloomberg — GE Vernova Inc. (GEV) is waiting to receive payment from Venezuela before beginning repairs to the country’s badly deteriorated power grid, CEO Scott Strazik said.

GEVB+2.87%

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Analysis: Venezuela’s telecommunications sector will experience an "imminent boom" in 2027

Javier Hernández, the new director of the School of Telecommunications Engineering at Andrés Bello Catholic University (UCAB), emphasized the importance of restoring the National Electric Service (SEN).
The new director of the School of Telecommunications Engineering at Andrés Bello Catholic University (UCAB), Javier Hernández, believes that telecommunications in Venezuela will experience an “imminent boom” in 2027, including sectors such as fixed-line and mobile telephony, data and Internet networks, and optical and satellite communications.

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Article

Plans and certifications shape GE Vernova's strategy to strengthen Venezuela's electric system

Plans and certifications shape GE Vernova's strategy to strengthen Venezuela's electric system
The company prioritizes operational optimization and compliance with global standards
Caracas.- As part of its consolidation strategy in the energy sector, GE Vernova has announced the deployment of a series of state-of-the-art operational plans and certification programs aimed at strengthening global electric infrastructure.
‎
‎Within the framework of the recent strategic agreements signed in the country, GE Vernova has announced the launch of a robust training, technical recertification, and operational follow-up program focused on strengthening Venezuela's National Electric System (SEN).

GEV+3.14%

Article

Bloomberg: Chinese company to help restart a key power plant in Venezuela

The repair work being carried out at Planta Centro is part of the country's plan to improve its electrical infrastructure.
China Machinery Engineering Corp. is close to partially restarting the Venezuelan power plant Planta Centro in order to repair the country's electrical grid.
According to Bloomberg, the Chinese company plans to bring a 600-megawatt fuel-oil-fired generating unit online in November.

Article

AVIEM: Recovering the electric system requires a 10-year plan and investment of up to US$40 billion

AVIEM President Engineer Gelvis Sequera said the severe crisis in the electricity sector is not solely due to power generation, but also to the extensive deterioration and congestion of the transmission infrastructure.
The recovery of the National Electric System (SEN) will require up to US$40 billion and the implementation of a 10-year master plan, said Engineer Gelvis Sequera, president of the Venezuelan Association of Electrical and Mechanical Engineering and Related Professions (AVIEM).
He also warned about the systematic exclusion of specialized professional associations from the sector’s tender committees, competitions, and technical audits.

🇺🇸Jhon Barret

Yesterday I was at the Guri Dam (Simón Bolívar Hydroelectric Power Plant), accompanying technical experts from the U.S. Department of Energy (@ENERGY), who are in Venezuela.

With the support of @StateDept, and in coordination with @minenergia_ve and @CorpoelecInfo, the team carried out a technical assessment that will help define a roadmap for modernizing the National Electric System.

This work supports Venezuela’s economic recovery within the framework of the three-phase plan of @POTUS and @SecRubio

#EEUU #ElectricRevolution #Macro #venezuela #caracasvenezuela $GAL $H $U

Alexander Guevara

😏😔We will believe it or it's just a matter of ignoring it😔😶

🧑‍💼Delcy Rodríguez attributes electrical fluctuations to the loss of 600 megawatts in Carabobo after earthquakes.

"Today I am pleased to say that we have already recovered 50%, and in the coming weeks we will be in full recovery phase"

#ElectricRevolution #DelcyRodriguez #venezuela #caracasvenezuela #Caracas $HD $KNC $JUP

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Article

Venezuela puts electric turbine into operation in Zulia: It will supply energy over the next 72 hours

The Venezuelan government has signed agreements with the U.S. company General Electric, the German-origin company Siemens, and the Argentine company Impsa to address the electricity issue.
Venezuela has started up an electric turbine in the state of Zulia (northwest), which borders Colombia, that will provide energy over the next 72 hours, Venezuelan government authorities said this Thursday, who claim they are working daily to rehabilitate the system.
“TZ07 has just begun its slow rotation, which will allow it to be synchronized to the SEN (National Electric System) over the next 72 hours,” said in a video the Minister of Public Works, Juan José Ramírez, shared on social media.

🇻🇪Bloomberg: Eni and Repsol evaluate the possibility of selling part of their stakes in the Perla gas field

Venezuela has vast oil reserves, and it also has large-scale natural gas deposits.

Energy companies Eni SpA and Repsol SA are considering the possibility of bringing in external investors to the Perla natural gas field.

According to Bloomberg, sources familiar with the matter said that both companies are evaluating the possibility of selling part of their stakes in order to raise more funds.

It is important to note that both Eni SpA and Repsol SA each hold 50% of the offshore joint venture, and the capital they receive will be used to help develop the field.

🔗Banking and Business

😏😔😔😶

💡💡 STRONG ELECTRICAL FLUCTUATION AT NATIONAL LEVEL.

#ElectricRevolution #petróleo #RepsolVenezuela #venezuela #GAS $BZ $CL $NATGAS

Article

OFAC issues licenses that enable investments in the electricity system, the oil sector, and

Venezuela’s petrochemical sector
💥The US OFAC issued General Licenses No. 46E, 48D, and 49B, with the aim of easing activity in Venezuela’s oil, petrochemical, and electricity sectors, under a scheme of strict supervision and control. It seems that Mrs. Delcy isn’t so FANTASTIC after all—she only manages licenses...🤷‍♂️
The US administration issued licenses that open the door to new investments in energy and oil and authorize companies to negotiate and sign contingent contracts.

🇻🇪Delcy Rodríguez leads a session of the National Council of Economy at the opening of the reconnection with the IDB Group.

"For us, normalizing relations with the IDB Group is a pillar of our economic recovery strategy"

🇮🇱 Netanyahu promised that those responsible for the attack on the Flydubai plane will pay a very high price.

💡There is constant work at several thermal power plants in the country.

➡️The electricity problem could improve in the short term faster than expected

🇻🇪Delcy Rodríguez said that the alliances with BID Invest will make it possible to have financing mechanisms for economic activity in Venezuela.

🇻🇪Luis Oliveros

All pay attention to 2027, and yes, that year could be a very interesting year for Venezuela’s growth, but it won’t happen by inertia.

The key will be how much we manage to increase oil production, attract private investment, stabilize prices and the exchange rate, and also recover production capacity and strengthen institutions. Quite a challenge.

Oil will open the door, but the quality of the reforms and how the company will prepare to take advantage of that environment will determine how far it can go.

🇻🇪Robert Lobo

After the protest last night on Av. Bolívar, Caracas, by residents of the Housing Mission, they sent trucks of construction materials to the families that need to repair their apartments.

See? If they have the resources and choose social control mechanisms?

#ElectricRevolution #venezuela #Israel #DelcyRodriguez #BID $CL $BZ

Article

The Minister of Electric Energy, Rolando Alcalá, highlighted progress in the agreements established with

Eurobras, IMPSA, General Electric Vernova and Siemens.
Venezuela established strategic alliances with four international companies for the recovery of the National Electric System
Venezuela has again proposed the participation of the private sector in electricity generation, transmission, distribution, and commercialization, while it accelerates agreements with international companies to recover the infrastructure of the National Electric System (SEN).
During a review presented by the Minister of Electric Energy, Rolando Alcalá, and the president of the National Electricity Corporation (Corpoelec), Juan Fernández, regarding the SEN recovery plan, they stated that the reform of the Organic Law of the Electric System and Service would, according to their proposal, allow the integration of the public and private sectors into the different activities along the electricity chain.

Article

Cavidea: Food production takes place in a critical context due to deficiencies in

electricity
The president of the Venezuelan Chamber of the Food Industry, Juvenal Arbeláez, said that despite the current energy supply conditions, the industry «is ensuring the country’s food security».
Juvenal Arbeláez, president of the Venezuelan Chamber of the Food Industry (Cavidea), noted that domestic food production is taking place in a critical context due to deficiencies in the electricity supply.
«We have emergency plants, but the circumstances facing the country today are very critical. They require fuel, diesel, and gas, and we have had to navigate certain challenges», he explained.

Article

National government confirmed reactivation of the Manuel Piar Hydroelectric known as Tocoma

Deal with an Argentinian company will kick off the civil and engineering works
Caracas-. The national government confirmed the formal restart of civil and engineering works at the Manuel Piar Hydroelectric Central complex, located in the southern Bolívar state. The works will proceed following the signing of a technical agreement with the Argentinian company Industrias Metalúrgicas Pescarmona S. A.
The comprehensive reactivation plan includes the installation of ten generators that will add 2,640 megawatts to the National Electric System through a phased execution projected to take 14 to 19 months to complete the initial construction and technical coupling phases in the southern region.

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Article

National Executive presents electricity rationing plan to the private sector to cushion the impact

energy deficit
Government representatives said there is a significant drop in the operating capacity of the National Electric System (SEN) and raised the urgency of reducing demand among the so-called «large consumers»,
This Thursday, August 6, representatives of the national Executive in the electricity and Public Works sectors held talks with representatives of the business and private labor sectors, with the aim of coordinating an electricity rationing plan.