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Nuclear power stations require a high initial capital input. AFAIK nothing of this sort has been happening since Chavis became president. They have essentially
by Laforet 11y ago
Nuclear power stations require a high initial capital input. AFAIK nothing of this sort has been happening since Chavis became president. They have essentially starved their own energy industry of necessary reinvestments to get a quick buck.
This is of course, ignoring the risks that the government claiming that they will take over the nuclear plant and put a high school dropout in charge.
- vamur 11y agoVenezuela had a mostly positive balance of trade last 10 years. So they had enough money to ask for financing for a nuclear plant (usually 5-10bln) to stabilize their grid. Instead they wasted money on the ridiculous gasoline subsidy, creating a huge smuggling industry.