The government of Venezuela will introduce changes to its electric subsidies system from August 2014. This was announced by state-owned electric company Corpoelec, BNamericas has reported.
Colombian electricity company Celsia is considering the option of purchasing generation assets abroad.
Brazil's electric state-owned company Eletrobras is negotiating with private firms for the construction of the Sinop hydropower project, which will produce 400 MW and will be located in Mato Grosso state.
In its recently-issued Global Renewable Energy Attractiveness Index, consultancy EY included Brazil among the top 10 places to invest in such projects.
The Federal Electricity Commission (CFE), Mexico's state owned company that regulates the energy market, will put out to tender several electric infrastructures and pipeline projects. The tender will be held late this year and the projects are valued at $2.8bn.
Many nations in Latin America are enjoying unprecedented economic growth, and the development of their energy sector is of key importance. But the balancing act facing these countries is how to do this in a sustainable manner that safeguards the environment and does not negatively impact on their economic growth.