This is a best prospect industry sector for this country. Includes a market overview and trade data.
Last Published: 2/17/2019

Overview

Venezuela’s electrical power generating plants and transmission and distribution infrastructure suffer from lack of investment and inadequate maintenance.  Efficiency losses are the norm at many power plants; Venezuela’s natural gas deficit requires combined-cycle plants to operate on liquid combustibles, such as diesel fuel. 
Generators, engines, turbines, and power transmission equipment historically have comprised 90 percent of imports in the sector by value but up-to-date information is unavailable.  The GBRV encourages private parties to purchase generators for industrial, commercial, and residential facilities, exempting them from the value-added tax (VAT).  Private parties will be more likely to choose competitive U.S. products for smaller generating systems.

Web Resources

National Electric CorporationCorpoelec
Ministry of Electrical EnergyMinisterio del Poder Popular para la Energía Eléctrica

 
Prepared by our U.S. Embassies abroad. With its network of 108 offices across the United States and in more than 75 countries, the U.S. Commercial Service of the U.S. Department of Commerce utilizes its global presence and international marketing expertise to help U.S. companies sell their products and services worldwide. Locate the U.S. Commercial Service trade specialist in the U.S. nearest you by visiting http://export.gov/usoffices.


More Information

Venezuela Energy Trade Development and Promotion