Bolivarian Government will fund National Electrical


Photo: Courtesy of Miraflores Press.


Caracas, 31 ABN .- The president of the Bolivarian Republic of Venezuela, Hugo Chávez, announced Sunday the establishment of the National Electric Fund, which will strengthen the development in power throughout the country.

This was said during the program Alo Presidente N º 350, broadcast from the hall Joaquín Crespo Miraflores Palace.

"We have decided, in accordance with the recommendation of the minister (of People's Power for Electricity) Ali (Rodriguez Araque) strategy, and I have agreed to create a fund for developing the National Electric Power," the Venezuelan president .

He said he will be transferred to the Ministry of People's Power for Electricity resources necessary for there is no delay when purchasing any equipment or improvements in advance of this important item.

In this regard, noted that initially it could provide a billion dollars to take once the work and speed up this great project.

"All resources that are needed for this plan beyond 2010, in which Petroleos de Venezuela (PDVSA) is also an important part to play, are available, as well as investment projects are in operation, maintenance and distribution execute, "said Chavez.

He also said that there are altogether 59 projects for power generation and distribution, as well as 50 projects in operation and maintenance of electrical matter.

Among one of the projects in operation, the President cited the case of the thermoelectric plant in Zulia state.

In this regard, Minister Rodriguez Araque noted that the unit 5 Termozulia became operational on Saturday with 90 megawatts (MW) and that this Monday will increase to 150 megawatts (MW), which will significantly improve the energy situation in the state.

Head of State recalled that it is combined cycle power plants, latest technology established in Venezuela by the revolutionary government.

"These projects did not exist here, all we had was the construction of more reservoirs up in the Caroni River, the river squeeze and squeeze the river," he stressed.

Similarly, said that during the fourth republic deceived the people saying there was gas in the country, "because it had all the gas delivered to the multinationals, such as the Orinoco Belt, among others."

"It turns out now that we are freed from the rule determining that Venezuela has one of the largest gas reserves in the world and in a few years we could be in fourth place behind Russia, Qatar and Iran," Chavez stressed.

He also emphasized that Termozulia not stay at that amount of megawatts of generation, but gradually increased: between January and May 1692 megawatts will increase from June to December to reach 2315 MW by 4007 in total for that entity.

On this point, said the numbers may be increased to the extent that an increase in the installation of distributed generation plants, which in turn will enhance the energy revolution.

Likewise, the Venezuelan president called on the conscience to the entire population, as well as large businesses and industries that make wise use of electricity, according to contribute to this exceptional situation created in the country as a result of the phenomenon natural El Niño.

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