The Venezuelan government decided to implement power outages due to the effects of the Super Niño phenomenon. Business owners indicate that the measure is generating losses in the millions and decreasing production, so they are demanding investment to recover the national electrical system.

With power rationing, companies lose almost half of their operating hours, according to trade associations throughout the country. In cases of unscheduled power outages in states like Zulia, Sucre, and Anzoátegui, businesses are forced to use their own generators and obtain the fuel to operate them.

In this regard, Miguel Amendolara, president of the Cumaná Chamber of Commerce, Industry, and Production, believes the situation is forcing businesses to incur additional costs.

The loss of productive hours is estimated at 15. In the Paria Peninsula area alone, this figure is calculated at 35 hours per week. “The region would lose up to 140 hours of production per month, which directly impacts businesses and employees.”

Almendrola points out that power outages are unpredictable, making planning impossible. “What economic sector can evolve, grow, or develop without energy? None. Nowhere in the world does a city progress without electricity. Our productive sector cannot withstand another power interruption; it’s unsustainable.”

Small businesses suffer the greatest impact, since their payment methods rely on point-of-sale terminals, which are disconnected during power outages, not to mention the damage to merchandise requiring refrigeration.

M.Pino

Source: laopinion

(Reference image source: Anthony Gomez on Unsplash)

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La entrada Power rationing affects business activity in Venezuela apareció primero en Bitfinance.

Venezuela’s National Electric System (SEN) is experiencing a new crisis due to increased domestic consumption. Engineer Elías Matta proposes the recovery and reactivation of inactive power plants as a way to resolve the blackouts.

The energy specialist “presented a technical analysis demonstrating that Venezuela has twice the installed capacity needed to meet national demand.” However, the fact that numerous plants are inactive causes a deficit of 2,160 megawatts (MW), a figure that coincides with the volume of current power rationing.

According to Matta, reactivating 10 % of the capacity would inject the 2,160 megawatts currently needed into the National Electric System (SEN), thus resolving the rationing currently in place across much of Venezuela.

His analysis of the current electricity situation leads to a plan that includes key steps:

• Payment of commitments allocating $3.5 billion to settle debts with the Inter-American Development Bank and CAF.
• Leveraging obtaining $12 billion in loans at low interest rates.
• Prioritize investment initiating the reconstruction of the electrical system and the drinking water service.

M.Pino

Source: elnacional

(Reference image source: Raisa Milova on Unsplash)

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La entrada Reactivating electrical infrastructure could help resolve crisis in Venezuela apareció primero en Bitfinance.

Colombia will resume the sale of electricity to Ecuador to alleviate the crisis in the sector that causes power outages of up to 12 hours a day in the country.

According to the Minister of Mines and Energy of Colombia, Andrés Camacho, and the Ecuadorian Ministry of Foreign Affairs, the sale of electricity will resume based on the excellent relations between both nations.

The power outages have been going on for months in Ecuador, affecting the daily lives of people, as well as commerce and industry in general.

Camacho indicated that “considering the current weather conditions, Colombia, in the midst of our energy system recovery process, will provide electricity to Ecuador in support of the current energy crisis in the sister country. We will continue to constantly monitor the system variables to ensure the national energy supply.”

The electricity crisis is the result of the severe drought in the region, in addition to the lack of investment and maintenance of hydroelectric and thermoelectric plants.

M.Pino

Source: portafolio

(Reference image source: Matthew Henry in Unsplash)

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La entrada Colombia to resume electricity sales to Ecuador apareció primero en Bitfinance.