Siemens to Help Rebuild Venezuela’s Electricity Grid
- Siemens in talks to repair plants after gaining US licenses
- Country plans to spend $1.5b to rebuild system, document shows
Light trails left by moving traffic during a power outage in Caracas, Venezuela.
Photographer: Carlos Becerra/BloombergThis article is for subscribers only.
Venezuela is in talks with the global energy giant Siemens Energy AG to repair power plants as part of a government plan to rebuild a crumbling electricity grid plagued by constant blackouts and a lack of maintenance.
Siemens is working with the government on potential contracts aimed at repairing gas- and diesel-burning generation facilities that serve the capital, Caracas, as well as those that supply electricity to infrastructure used by the oil industry, according to the company’s business manager in the country, Eric Soto.