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Venezuela hydropower market: Government giving substantial support to the industry

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Analyzing the Hydropower Industry in Venezuela - a new market research report on companiesandmarkets.com

 

PR-Inside.com: 2014-04-23 11:43:03
The market for hydropower in Venezuela is huge and accounts for most of the electricity production in the country. Hydropower accounted for around 70% of the total power generation mix in 2012 in Venezuela. In terms of renewable power generation, hydropower is the only source that has been utilized until now for power generation.

The Guri Dam project in Venezuela is the third largest hydropower project in the world and has an installed capacity of 10.2 GW. The project itself accounts for nearly 75% of the country´s electricity.

The Venezuelan government has provided substantial support to the hydropower sector in the country and this is expected to continue to drive this industry in coming years. The choice of hydroelectric power is certainly consistent with the natural resources of the region as Venezuela is on the South American continent which hosts many mighty rivers including the great Amazon and the Orinoco and Venezuela itself is home to more than 1,000 rivers.

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