Venezuela invests in hydropower projects to meet power demand

The Venezuelan government’s Ministry of Planning and Finances has approved the construction of four hydroelectric projects, representing a total cost of $5.5 million, according to media reports.

The projects will be financed by a fund in which the Chinese government has contributed.

One of the projects is the El Chorrin hydroelectric power plant, which is due to be built in the Venezuelan Guayana. The hydropower station will generate 1,000 MW of power, according a report in El Nacional.

In other news, the 257-MW first unit of Venezuela’s 514-MW Fabricio Ojeda hydro project is due to be inaugurated in October 2010, state utility officials reported. 

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