Venezuela Power Report Q2 2013 - New Market Study Published
Our relatively bearish view on Venezuela's power sector remains unchanged on account of macroeconomic, political and sector-specific dynamics. Imbalances between supply and demand in Venezuela's National Electricity System (SEN) continue to plague the country's electricity market. In addition, a devaluation of the Venezuelan bolivar in February 2013, is likely to erode consumers' purchasing power and thus real GDP growth, impacting power consumption. That said, the current administration is expected to continue to pursue Chavez's expansionary policies, with a focus on...
View full press release