Venezuela Power Q3 2019
Increasingly frequent and widespread power outages continue to plague Venezuela, leading to the reinstitution ofelectricity rationing in March 2019 amidst escalating public unrest. Operating conditions in the power sector are unlikely to improvein the near term. Ageing infrastructure is failing at a rapid rate following years of neglect and underinvestment, and there have alsobeen instances of sabotage and theft of transmission infrastructure, which is exacerbating supply issues. The country's oil industry iscrippled, which is also effecting the availability of fuel. Meanwhile, general consumption is restricted due to the country's economiccrisis, now stretching into its sixth year.
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