Some 71% of Venezuela's electric energy system is outdated

Venezuela's Electric Energy Minister Héctor Navarro stated that 71% of the national electric system has been out of date for 20 years.

During his speech at the National Assembly on the energy projects that will be financed through indebtedness next year, the official informed that energy production accounted for 30,676 megawatts (MW) by October, while demand stood at 17,965 MW.
 
Navarro said energy demand peaked in October. "We hope it does not go any higher." He added that energy consumption often rises amid high temperatures. 

Although the energy minister extolled the achievements made so far within the framework of the Great Mission Housing Venezuela, he warned the incorporation of new homes will boost energy consumption by 400 MW.

With reporting by Mayela Armas

Translated by Jhean Cabrera