Venezuela Reforms Its Electricity Law to Allow Private Investment, After Almost Two Decades of Nationalization Promoted by Hugo Chávez
11 Articles
11 Articles
Today, the country is facing a profound energy crisis, marked by prolonged blackouts that affect much of its territory on a daily basis.
The National Assembly approved in second discussion the partial reform of the electricity law, an instrument that establishes the regulatory framework for restructuring, modernizing and optimizing service delivery throughout the country.
This reform is the most recent one promoted by the president-in-charge, Delcy Rodríguez, who seeks to promote private investment in key sectors such as oil, gas and mining.
Reform is the latest promoted by interim president, Delcy Rodríguez, who seeks to promote private investment in key sectors in the country
Concessions to private companies may be granted for a maximum period of 25 years, according to the rule.
Editorial (ALN) .- The National Assembly unanimously approved on Tuesday the partial reform of the Electricity Service Law. Faced with this, the Speaker of the Parliament, Jorge Rodríguez, said that one of the central aspects of the reform is the incorporation of a tariff scheme that includes indexed prices. «The rates will be indexed [...] The entry Jorge Rodríguez confirmed «indexed tariffs» after reform of the Electricity Service Law (+video)…
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