General Electric Partners to Add 7,400 MW to National Power System
What happened
President Delcy Rodríguez announced a reform to the Organic Law on the Electric System and Service, which aims to incorporate the private sector into the National Electric System (SEN). She also announced that General Electric will collaborate on adding 7,400 megawatts to the SEN.
From rnv.gob.ve
Why it matters
The legal framework change allows private participation in generation, transmission, and distribution processes. This capacity addition is part of a larger plan to add 13,000 megawatts to the national thermoelectric system by December.
From rnv.gob.ve
Who's involved
- SENSubject of the capacity expansion and legal reform
- General ElectricPartnering on the 7,400 MW capacity addition
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- General ElectricSpeculative
General Electric could see increased revenue from the direct contract for 7,400 MW capacity addition.
- VenezuelaSpeculative
Venezuela may see increased investment in the national electric system due to the regulatory reform.
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The entities involved
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SEN
Nothing else this week.
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General Electric
American multinational conglomerate