IMPSA Moves Forward in Venezuelan Hydroelectric Revival | Science-Environment
The work could add 672 megawatts to Venezuela’s grid as blackouts continue daily and lawmakers push to open the power sector to private investment.
- Energy firm IMPSA is renegotiating a crucial contract with Venezuela to resume work at Macagua and Tocoma dams, which Chief Executive Officer Jorge Salcedo said could add 672 megawatts of capacity to the nation's power grid.
- Payment issues and sanctions previously stalled the contract for years, but recent U.S. licenses and support from the Andean Development Corporation have enabled progress on the project.
- Salcedo plans to repair 80-megawatt turbines at Macagua, aiming to bring 160 megawatts online within 100 days, then install two 216-megawatt units at Tocoma.
- Venezuela's grid has deteriorated over two decades, causing daily blackouts in Caracas and beyond, while lawmakers are pushing for a new electricity law opening the sector to private investment.
- IMPSA was the first company privatized after President Javier Milei took office in Argentina at the end of 2023 and is now owned by the Industrial Acquisitions Fund, a U.S. special purpose vehicle.
13 Articles
13 Articles
Argentina's Impsa Is in Talks to Resume Turbine Work in Venezuela
(Bloomberg) — Argentina’s Impsa SA is in talks with the Venezuelan government to restart manufacturing and repairs on turbines for the Andean nation’s sprawling Guri dam complex, according to the company’s top executive.
IMPSA Moves Forward in Venezuelan Hydroelectric Revival | Science-Environment
IMPSA progresses in renegotiating a key hydroelectric contract with Venezuela, potentially adding 672 MW of capacity. Originally stalled due to payment issues and U.S. sanctions, U.S. licenses and financing solutions now enable project advancements. This effort aims to boost Venezuela's ailing electric grid.
Agreement may result in the first relevant expansion of the Venezuelan electrical system capacity in years
The energy company Impsa has advanced in the renegotiation of a contract to develop and rehabilitate two key hydroelectric projects in Venezuela, which could add up to 672 megawatts of generation capacity from the coming months, Jorge Salcedo, president of the company, told Reuters. A contract signed by Impsa—originally an Argentine state company, now owned by the United States-based Industrial Acquisitions Fund (IAF) consortium—and the Venezuel…
www,finanzasdigital.com The Argentine company Impsa S.A. has talks with the government of Venezuela to resume the manufacture and repair of turbines destined to the hydroelectric complex of... The post Impsa negotiates with Venezuela to reactivate hydroelectric projects in Guri, Macagua and Tocoma appeared first on Digital Finance.
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