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.
Related News
Ontario introduces new fixed COVID-19 hydro rate
TORONTO - Ontario residents will now have to pay a fixed electricity price that is higher than the off-peak hydro rate, which people in the province have been allowed to pay so far due to the pandemic.
The announcement, which was made in a news release on Saturday, comes after the Ontario government suspended the normal “time-of-use” billing system on March 24.
The government moved all customers onto the lowest winter rate in response to the pandemic as emergency measures meant more people would be at home during the middle of the day when electricity costs are the highest.
Now, the government has…
