The contract amendment covers two distinct hydroelectric developments. At the Tocoma project, Impsa plans to inaugurate two generation units as part of a broader 2,000 MW facility comprising ten units total. Nearly 60% of required equipment has already been manufactured, with completion of the initial two phases projected to require 14 to 19 months following contract finalization. At the Macagua plant, rehabilitation work on three independent units could restore two 80 MW units to service within 90 to 100 days after contract signing.
Venezuelan officials recently inspected stored equipment, confirming availability of most components necessary for project execution. Salcedo indicated additional components remain in the United States, Germany, and Paraguay, with Impsa conducting comprehensive inventory recovery. The company plans to deploy updated technology to replace equipment no longer obtainable or manufactured with obsolete specifications.
The project represents the first potential capacity expansion for Venezuela’s electric grid, currently operating at approximately 40% of total capacity. This operational deficit contributes to frequent power outages and rationing throughout the country. The initiative was originally supported by loans from financial institutions including the Andean Development Corporation.
Venezuela’s National Assembly advanced a reform to the Organic Law of the Electric System and Service in preliminary voting last week, with second discussion pending for final approval. Separately, the Trump administration is promoting a $100 billion reconstruction plan for Venezuela’s power infrastructure, addressing the network’s extensive deterioration as a major obstacle to economic recovery.
This article was curated and published as part of our South American energy market coverage.
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