Venezuela to spend $15 billion on energy
CARACAS, VENEZUELA - Venezuela's government says it will spend $15 billion over the next five years to increase electricity production.
Energy Minister Ali Rodriguez said the projects will add 15,000 megawatts by 2015.
Venezuela imposed power and water rationing in December because a severe drought is threatening to drop water levels behind the important Guri Dam to critical lows. The dam supplies most of the country's electricity.
Critics have accused President Hugo Chavez of failing to invest enough in electrical projects to meet growing demand.
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Quebec's electricity ambitions reopen old wounds in Newfoundland and Labrador
OTTAWA - As Quebec prepares to ramp up electricity production to meet its ambitious economic goals, the government is trying to extend a power deal that has caused decades of resentment in Newfoundland and Labrador.
Around 15 per cent of Quebec's electricity comes from the Churchill Falls dam in Labrador, through a deal set to expire in 2041 that is widely seen as unfair. Quebec Premier François Legault not only wants to extend the agreement, he wants another dam on the Churchill River to help make his province what he has called a "world leader for the green economy."
But renewing that…
