Some 71% of Venezuela's electric energy system is outdated
Electric Energy Minister Héctor Navarro said electricity demand peaked in October
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
President Nicolás Maduro is not only the heir to the throne, but also to an economic crisis which demanded urgent measures to rectify the course. The crisis showed up in two aspects: a 50% inflation estimate, and shortage of staples ranging between 70% and 98%. These issues might hit the President's poor popularity; considering his feeble electoral victory of 1% over his challenger.