This is from a Chinese news agency:

China increases investment plans electric Venezuela
Editor: Rocio
09/02/2010 8:55:06 / Xinhua
China will strengthen the investment plans of four power generation projects in
Venezuela, which will extend the energy services in the country, today announced
the Venezuelan government.

The Ministry of Planning and Finance of this country reported that China will
invest 5.549 million dollars to strengthen the National Electricity System
(SEN).

The resources are part of the first phase of the financing agreement of $ 10,000
million, that China gave to Venezuela and will be implemented between 2010 and
2012, said the ministerial body.

The Watcher thermoelectric plant, located in Mérida (southwest), which will
provide 550 megawatts to the SEN, is the first investment project and is
expected to be operational late next year.

It also provides for the installation of the generating unit number six in
Planta Centro, the main thermoelectric the country, with a contribution of 600
megawatts.

The construction of the hydroelectric plant El Chorrín, located within the
watershed of rivers of Guayana (Bolivar state, south-east), will generate
additional 1,000 megawatts.

This negotiation includes the oil sector, by building a petroleum coke plant
(fuel similar to coal for industrial use) in the Orinoco Oil Belt, which will
provide about 600 megawatts.

Finally, also included the construction of a power plant for the El Palito
refinery, located on the shores of Carabobo, central region of the country. End

http://spanish.china.org.cn/international/txt/2010-09/02/content_20847455.htm