Hydroelectric, Renewables

Venezuela invests in large-scale hydro

20 September 2010 – The Venezuelan government’s Ministry of Planning and Finances has approved the construction of four hydroelectric projects, representing a total cost of $5.5m.
The projects will be financed by a fund in which the Chinese government has contributed.
One of the projects is the El Chorrin hydroelectric power plant, which is due to be built in the Venezuelan Guayana, one of the world’s last untouched natural habitats. The hydropower station will generate 1000 MW of power, according a report in El Nacional.
Up to now, the Venezuelan government has been reticent in the construction of new hydro projects because of their perceived impact on the environment.
However, the necessity to satisfy the population’s electricity demand now makes such a move a necessity.
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