CARACAS, VENEZUELA (By Piero Stewart, Editores Latin Petroleum, 29.Oct.2026, Words: 553) — Venezuela’s interim president Delcy Rodríguez participated in an event which included overseeing certain modernization activities at the Managua hydroelectric plant as well as reactivation of the Tocoma plant, in collaboration with the Argentine company IMPSA.
Both activities aim to improve the national electric system.
During the event, it was highlighted that inspections at the Antonio José de Sucre Dam in Macagua are underway to recover 477 megawatts (MW), which will be achieved in 2 work phases, Venezuela’s interim figure said on 29 Oct. 2026 during a live broadcast on television from Ciudad Guayana, Caroní Municipality, Bolívar state.
“The collaboration with IMPSA and representatives from the US demonstrates the progress in efforts to recover hydroelectric infrastructure and thus improve the electricity supply in Venezuela,” Rodríguez said.
Venezuela’s electrical energy minister Rolando Alcalá; IMPSA vice president Juan Manuel Domínguez; and director of operations Pablo Magistocchi all participated in the meeting at the hydroelectric plant.
Near term plans
Alcalá emphasized the importance of the deadlines and execution of the contract.
He reported work is underway to incorporate 2 80 MW turbines, one of which will be activated in Dec. 2026 and the other within 90 days, bringing the total capacity to 160 MW.
They also mentioned plans to install a Kaplan turbogenerator, which will generate 216 MW, with a goal of 432 MW for the national grid.
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The collaboration between Venezuelan and US companies, aimed at fostering robust bilateral trade, was highlighted during the event. It was also confirmed over 600 MW will be added to the national electrical grid by 2028.
The minister expressed his gratitude for the support of the US Embassy and emphasized the OPEC country’s commitment to restoring and developing the country’s electrical system.
Tocoma rehabilitation
The rehabilitation of the Tocoma hydroelectric plant was also mentioned, where 2 turbines will be installed to generate 432 MW.
It was also underscored during the event that the total investment for the Macagua and Tocoma projects will exceed $300mn.
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IMSA’s VP emphasized the importance of the joint work between the public and private sectors, which has allowed for progress on contracts in a short time of 6 months.
This is key to Venezuela’s economic growth and development, he said. The focus is on restoring the infrastructure and generating the energy necessary for the country, he added.
“Today, we begin an ambitious short- and long-term plan to guarantee an electrical system for the entire country, thus supporting economic growth,” Domínguez said.
“The turbines have been optimized, increasing their power from 60 MW to 80 MW, owing to the modernization being implemented, which demonstrates our confidence and commitment to completing this project on time,” Domínguez said.
For her part, Rodríguez indicated a reform of the Electricity Service Law is about to be approved in the National Assembly, which will allow the private sector to generate electricity for industry and commerce, working together in unity for Venezuela.
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By Piero Stewart reporting from Caracas. © 1999-2026 Energy Analytics Institute (EAI) and its 100% owned Venezuelan affiliate Editores Latin Petroleum CA. All Rights Reserved.
