CARACAS, Monday February 22, 2010 | Update
Economy
A Colombian commission on energy traveled on Monday to Venezuela to hold negotiations on the sale of electricity to its neighbor country, government sources said in Bogotá.
The commission includes representatives of the Colombian Ministry of Mines and Energy, the Commission for Energy and Gas Regulation (Creg) and Isagen (a state-run power generation and marketing company), said Hernán Martínez, the Colombian Minister of Mines and Energy.
Martínez said in an interview with Bogotá's radio station La FM that there is a sales agreement between Venezuela and Isagen, which is still in force and "would facilitate smooth negotiations," Efe reported.
Under the contract, Colombia provided electricity to Venezuela until last December, when the Colombian Ministry of Mines suspended exports of electricity due to the effects of the dry season.
The Minister said that Colombia could sell electricity to Venezuela for "several months."
10:07 AM. DIPLOMACY. Admired by the Colombian guerrilla after his coup attempt in 1992, the then lieutenant colonel Hugo Chávez Frías received financial support by the Colombian Revolutionary Armed Forces (FARC) for his projects after his capture that year. This mostly explains the relationship and "debt" between the parties, as revealed by a paper of the International Institute for Strategic Studies (IISS) of the United Kingdom.