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High-Purity Fact Pipeline
National Assembly of Venezuela, Corpoelec
Venezuela
June 4, 2026
"The Venezuelan National Assembly approved a reform to allow private investment in the electricity sector. The move aims to address two decades of grid collapse, blackouts, and maintenance failures. The reform includes a review of tariff structures and the end of prolonged subsidies."
Author: Javier Corrales and Michael Penfold
This book provides a comprehensive analysis of how the 'Chavismo' model, characterized by state control and populist economic policies, led to the systematic collapse of Venezuela's infrastructure, including the power sector. It is essential for understanding the structural failures that necessitated this recent policy shift.