Venezuela to spend $15 billion on energy
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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Two new electricity interconnectors planned for UK
LONDON - Ofgem has opened bids to build two electricity interconnectors between the UK and continental Europe.
The energy regulator said this would “bring forward billions of pounds of investment” in the subsea cables, which can import cheaper energy when needed and export surplus power from the UK when it is available.
Developers will be invited to submit bids to build the interconnectors next year. Ofgem will additionally run a pilot scheme for ‘multiple-purpose interconnectors’, which are used to link clusters of offshore wind farms to an interconnector.
This forms part of the UK Government drive to more than double capacity by 2030,…
