On April 7, a fire damaged a power line in Venezuela and caused the country's worst blackout since 2009. Top government officials were adamant that Venezuela is now better equipped than in 2009-10 when electricity shortages crimped the economy during a severe drought. However, the recent outage came amid a series of power shortages since March that industry analysts and business owners claim are hampering production. Does the Venezuelan government have the situation under control or is the electricity crisis likely to repeat itself? What steps should be taken to fix the electricity grid? Will the country be able to hit its ambitious economic growth target if the power shortages continue? Experts discuss what they think about this topic.
Copyright © 2011, Inter-American Dialogue, used with permission from the publishers
Inter-American Dialogue's Latin American Energy Advisor. "Is Venezuela Facing Another Electricity Crisis?." (2011). http://digitalrepository.unm.edu/la_energy_dialog/111