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The electricity sector in Venezuela is heavily dependent on hydroelectricity, which accounted for 64% of the nation's electricity generation in 2021. Besides hydroelectric power, Venezuela also relies on natural gas and petroleum , contributing 25% and 11%, respectively, to the total electricity output that year.
In 2021, Venezuela held South America's fourth-largest coal reserves, totaling 806 million short tons. The main coalfields are in Zulia State, near the Colombian border. Coal plays a minor role in Venezuela's energy mix, contributing 0.2% to total energy production and 0.1% to consumption. The coal industry faces challenges such as outdated ...
Venezuela has been producing oil for nearly a century and was an OPEC founder-member. In 2005, Venezuela produced 162 million tons of oil, which is 4.1% of world's total production. By the oil production Venezuela ranks seventh in the world. [4] Venezuela is the world's eight oil exporter and fifth largest net exporter. [4]
Simón Bolívar Hydroelectric Plant, on the Guri Dam. The main power plant of the hydroelectric system is the Simón Bolívar Hydroelectric Plant, with a generation capacity of 10,000 MW, but which generated only 5,000 MWh after being affected by the drought, [22] [23] and by the beginning of February 2010, the level of the dam had dropped nine meters below its optimum level. [24]
This is a list of electric generation, consumption, exports and imports by country. Data are for the year 2021 and are from the EIA. [1] Figures are in terawatt-hours (TWh).
CARACAS (Reuters) -Venezuela's capital city Caracas and other regions of the country experienced a power outage early on Friday, the communication and information ministry confirmed.
The levelized cost of electricity (LCOE) is a metric that attempts to compare the costs of different methods of electricity generation consistently. Though LCOE is often presented as the minimum constant price at which electricity must be sold to break even over the lifetime of the project, such a cost analysis requires assumptions about the value of various non-financial costs (environmental ...
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