Just Released: "Venezuela Power Report Q1 2013"
BMI View: Whilst the inclusion of new historic data has led to a significant revision of our estimates for 2011 as well as of our short-term forecasts, our relatively bearish view for Venezuela power sector remains unchanged on account of macroeconomic and sector-specific dynamics. Imbalances between supply and demand in Venezuela's National Electricity System (SEN) continue to plague the country's electricity market, with electricity shortages and power rationing also hindering its economic performance. In addition, following President Hugo Chavez's re-election...
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