What type of energy does Venezuela use?

[español] • [português] Venezuela relies heavily on domestic production of fossil fuels, with oil and natural gas comprising approximately 90% of the country's total energy supply. Hydro power also plays a key role in electricity generation, accounting for roughly half of installed capacity.

Does Venezuela have a power grid?

Venezuela’s power grid relies heavily on the Guri Dam, a giant hydroelectric power station that was inaugurated in the late 1960s. While the engineers who planned Venezuela’s current power grid imagined the Guri Dam would supply about 60 percent of the country’s electricity, today it is believed to supply a whopping 80 percent.

How much electricity does Venezuela generate a year?

Latest estimates show Venezuela generating between 109 and 133 TWh of electricity annually , with 62% coming from hydropower and the remaining 38% from hydrocarbon power plants. The majority of Venezuela's electrical demand is met by the Simon Bolivar Hydroelectric Plant.

How much hydro power does Venezuela have?

This is a very significant resource for the production of electricity via hydropower. In theory, the hydro power potential of the country is 731 GWh/year, which in comparison with other countries seems little, but for Venezuela it is sufficient, given the size of the country .

Who owns the power plants in Venezuela?

EDC has 11% of Venezuelan capacity, and owns the majority of conventional thermal power plants. The rest of the power production is owned by private companies.

How much power does Venezuela need?

But engineers who closely examine Venezuela’s power grid estimate demand has actually declined to around 10,500 megawatts — about the same levels as in 1999 — as industries have shut down and millions leave the nation.