A report from the national assembly’s administration and public services committee reveals that Venezuela’s transmission and distribution network needs some $15 billion – $17 billion in investment in the next few years.
According to local media reports, some 75% of the country could face severe rationing if the investments are not forthcoming.
State-owned company Cadafe manages the 15,000 km transmission and distribution network, but has been struggling to cope with surging demand over recent years. A nearly 10% rise in demand is projected for this year.