New thermoelectric plant adds 680 MW to Venezuela’s grid

The Termocarabobo II thermoelectric plant, owned by state-owned oil company PDVSA, has entered commercial operations and will add a much needed 680 MW to Venezuela’s national grid system, SIN.

Termocarabobo II is a dual-fuel power plant, utilising both gas and diesel, and was developed by China’s Sinohydro and financed with $1.12bn from the Chinese-Venezuelan join-investment fund.

The plant currently comprises four 170 MW generation units, but a second phase is slated, which will involve the construction of a 320 MW combined-cycle power plant at an estimated cost of $880m.

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