VENEZUELA STRUCK WITH POWER OUTAGE; SLUMPS ENROUTE ECONOMIC STABILITY

VENEZUELA STRUCK WITH POWER OUTAGE; SLUMPS ENROUTE ECONOMIC STABILITY

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VENEZUELA STRUCK WITH POWER OUTAGE; SLUMPS ENROUTE ECONOMIC STABILITY

– The power outage hits Venezuela so hard.

– Venezuela Collapses in the Face of Economic Slump.

VENEZUELA STRUCK WITH POWER OUTAGE; SLUMPS ENROUTE ECONOMIC STABILITY

VENEZUELA STRUCK WITH POWER OUTAGE; SLUMPS ENROUTE ECONOMIC STABILITY
President Nicolas Maduro

Venezuelan government officials have announced that they would activate rolling power cut in cities across the country.

The decision was announced on Thursday for the citizens to be aware of the proposed 40-day blackout, starting next week.

Reportedly, the move will help save power at a time when water levels at the country’s main electric dam are dwindling.

The government did blame the El Nino weather pattern and drought. External experts rather pointed fingers at the government for mismanagement and corruption as the root cause.

VENEZUELA STRUCK WITH POWER OUTAGE; SLUMPS ENROUTE ECONOMIC STABILITY

“The blackouts are just more evidence of an utterly dysfunctional government.” Michael Shifter, president of the Inter-American Dialogue, a Washington research group said. “This is a government that is not governing.”

It’s rather ironical for Venezuelans to be facing power outage. Venezuela is said to have the largest upheld oil reserves in the world. Unfortunately, the oil is distributed to other countries and cannot sustain power back home.

Allegedly, officials are already forcing Venezuelans to curtail energy consumption. They are beginning to sense the nip.

“Pretty soon we will only be able to use candles like the old times.” Glenda Bolivar, a citizen has said.

“Power will go out for four hours per day for 40 days.” The country’s electricity minister, Luis Motta Dominguez, said. “The blackouts could continue beyond 40 days if water levels at the El Guri dam, which provides about 75% of the country’s electricity, keep falling to record lows.”

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Information has it that the blackout is no weird experience. Venezuela’s President Nicolas Maduro had been acutely discomfited in March when there was power failure during a speech broadcast on national television.

NaijaPr already disclosed on April 6, that Moduro directed civil servants and other workers to take Fridays off working days.

“We are going to have long weekends where we have to increase the public contribution.” to save energy, Maduro said.

According to BBC, the current plight is the latest setback for Venezuelans, who are suffering through arguably the world’s worst economy. “Venezuela is in a severe recession.”

VENEZUELA STRUCK WITH POWER OUTAGE; SLUMPS ENROUTE ECONOMIC STABILITY