Venezuela Power Report - Business Monitor International - Industry Reports

Venezuela Power Report

Venezuela Power Report - Business Monitor International - Industry Reports
Venezuela Power Report
Published Aug 06, 2016
54 pages — Published Aug 06, 2016
Price US$ 1,295.00  |  Buy this Report Now

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Abstract:

Venezuela is expected to see its third consecutive year of recession in ----, when the BMI Country Risk team forecasts a GDP contraction of -.- . This sombre economic situation as well as low levels of liberalisation, the opaque tendering process and state interventionism vis-a-vis foreign businesses is reflected in our power industry Risk/Reward Index for Latin America, where the country ranks last. ...Venezuela is expected to see its third consecutive year of recession in ----, when the BMI Country Risk team forecasts a GDP contraction of -.- . This sombre economic situation as well as low levels of liberalisation, the opaque tendering process and state interventionism vis-a-vis foreign businesses is reflected in our power industry Risk/Reward Index for Latin America, where the country ranks last. Our rather bleak view of the Venezuelan power sector remains in place this quarter, with the country continuing to underperform its regional peers. ...The power sector has seen major challenges in the last few years as a lack of sufficient investment in ageing infrastructure increased losses, while demand on the system rose. President Maduro declared a state of emergency for the power sector on April -- ---- and a new Energy Mission focusing on a nationwide

...Adding to the woes of Venezuela s power sector, workers at Corpoelec, the state-owned energy giant, are undertaking a widespread strike in early July, protesting at delays to the confirmation of a new collective agreement. The strike comes amid escalating public protests over food and medicine shortages while low oil prices, high inflation and a poor business environment will see Venezuela s recession stretch into its third year in ----, and persist until ----. ...Adding to the woes of Venezuela s power sector, workers at Corpoelec, the state-owned energy giant, are undertaking a widespread strike in early July, protesting at delays to the confirmation of a new collective agreement. The strike comes amid escalating public protests over food and medicine shortages while low oil prices, high inflation and a poor business environment will see Venezuela s recession stretch into its third year in ----, and persist until ----. While the electricity rationing has ended, according to a July ---- statement from Venezuelan President Nicolas Maduro, the electricity supply scenario remains in a precarious position. ...In light of the weak economic environment, we do not expect to see any major investment in the power sector above the current, limited, project pipeline. As such we forecast only limited gains in total electricity capacity and generation over the course of the forecast period through to ----, leaving

...BMI View: The outlook for Venezuela s beleaguered power sector has not improved this quarter, with widespread power outages, a consequence of a prolonged drought and heavy losses from ageing infrastructure, crippling the country and contributing to further social unrest and political uncertainty. While some hydropower output is reportedly coming back online over the coming months as water levels at the key Guri dam improve, overall we expect to see a sharp decrease in total electricity generation in ----. ...

  
Source:
Document ID
1755-7127
Country
Industry
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Business Monitor International - Industry Reports—Established in 1984, Business Monitor International is a leading online publisher of specialist business information on global emerging markets. Business Monitor's range of quarterly services covers political risk, finance, macroeconomic performance, outlook and forecast, industry sectors and the business operating environment. Each Industry Report has been researched at source, and features latest-available data covering production, sales, imports and exports; 5-year industry forecasts through end-2012; company rankings and competitive landscapes for multinational and local manufacturers and suppliers; and analysis of latest industry developments, trends and regulatory changes.

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MLA:
Business Monitor International - Industry Reports. "Venezuela Power Report" Aug 06, 2016. Alacra Store. Dec 05, 2016. <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Venezuela-Power-Report-2026-416>
  
APA:
Business Monitor International - Industry Reports. (2016). Venezuela Power Report Aug 06, 2016. New York, NY: Alacra Store. Retrieved Dec 05, 2016 from <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Venezuela-Power-Report-2026-416>
  
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