AN Approves in First Discussion Reform of the Law of the Electrical System and Service with Which It Opens to Private Capital
16 Articles
16 Articles
The National Assembly of Venezuela, controlled by Chavismo, has taken a step towards the end of the state monopoly on electricity service, which has been in crisis for two decades with blackouts and problems. A project to reform the Organic Law of the Electrical System and Service, designed to open up private capital within a regime of long-term concessions, was approved in the first discussion. During the 15 years in which the service has been …
The legislator explained that the proposal, composed of 42 articles, “represents a strategy that introduces a mixed and private capital scheme under a rigorous regime of concessions, public supervision and civil and criminal co-responsibility of operators”.
The model of absolute control over public services in Venezuela has begun its legal withdrawal due to the collapse of its own infrastructure. On Tuesday, the National Assembly voted the initial approval of a legislative reform proposal designed to open the electricity sector to private investment. The measure contemplates the creation of joint ventures and commercial concessions, marking the first step to reverse almost two decades of a state ce…
The proposed reform was sent by the Executive to Parliament. Photo: AN In the midst of the worsening of electrical failures in Venezuela, the National Assembly (AN) with a majority of the chavismo approved in first discussion the partial reform of the Organic Law of the System and Electrical Service. Rep. Orlando Miranda (Psuv) presented the 42 articles bill, during the ordinary session of this Tuesday, June 2, in the Legislative Palace. The MP …
The reform of the Organic Law of the Electrical System and Service would make it possible to put an end to almost two decades of exclusive state control. Image: Dmitry in Pixabay The National Assembly of Venezuela took the first step to rehabilitate the electricity infrastructure of the country, deteriorated by the lack of spare parts and severe financial constraints. Through a legal reform, the parliament seeks to attract private investment and…
The National Assembly approved in first discussion the reform of the Organic Law of the Electrical System and opened the door to private capital after several years of state monopoly. Caracas. After 16 years of strict state control over the National Electrical System (SEN) the National Assembly unanimously approved, and in first discussion, the [...] The government entry starts opening the electrical system to facilitate foreign investment apare…
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