Venezuela, Bolivarian Republic of

Venezuela, Bolivarian Republic of

Takeover thermo generator

10 Mar 2010

The President of the Bolivarian Republic of Venezuela has approved US $50 million to nationalize thermo generator Turboven. The United States power company PSEG holds a 50 percent stake in the power producer, which operates gas-fired plants Cagua (60MW) and Maracay (60MW). The President sterted the nationalization of the power sector in 2007 on the grounds of national energy sovereignty.

  • Type:
    • Treatment and operation (Nationalizations and expropriations)
  • Industry:
    • Services (Electricity, gas, steam and air conditioning supply)
  • Sources: