From the US Department of Energy. Coal Coal Mining Equipment Overview Market research report from the US Embassy in Caracas, July 1996. Oil Venezuelan Oil Guide Name, address, phone, fax, business category and representative of about 1000 companies in the oil sector in Venezuela. Petroleum Oil Refining Equipment Overview Market research report from the US Embassy in Caracas, February 1998. This document is intended to serve as a guide for understanding the basic elements of the legal framework of Venezuelan oil policy.
Consumers pay only a fraction of the cost of their electricity, as it is heavily subsidized.
In the next decade, the use of natural gas and oil is predicted to grow, but hydro's share of power generation will remain stable. Venezuela plans to add about 8 GW of hydropower over the next five to ten years. Hydropower potential is estimated to be between 70 and 80 GW or more. Planned constructions include three large hydropower projects planned for the Caron River, which begins near the border with Brazil and extends 400 miles to the Orinoco River. Cadafe has nearly 5 GW of installed capacity, mostly large gas-fired plants in the industrial north.