Indecision in Venezuela

Article Abstract:

The Venezuelan government is having to reschedule its privatization plans because of problems associated with the tariff regime. The Planta Centro thermoelectric plant was due for privatization in 1994 but the sale is likely to be postponed because the authorities failed to produce a regulatory framework for the electricity industry by the proposed sale date. Progress on promised public-work concessions has also been slow, although conditions have been laid out for the Caracas to La Guaira highway, in which 14 foreign companies have shown an interest.

Electric Power Generation, Thermal Electric Power, Management, Infrastructure (Economics), Thermal power plants, Electric power plants, Power plants, Planto Centro

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Venezuela to accelerate smaller sales

Article Abstract:

The FIV in Venezuela wants to increase the speed of divestments of companies including Cemento Andino (renamed Consorcio Cementero Monay), a cement company. Holderbank of Switzlerand and Lafarge Coppee of France have expressed interest in the sale of Cemento Andino. The Port of La Guaira, serving Caracas, will also be privatised in 1995 or early 1996, and the assets of Aeropostal, the state airline, may be sold in October, following a failed privatisation earlier in 1994.

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New setbacks in Venezuela

Article Abstract:

Venezuela has seen another setback in its privatisation programme. All five pre-qualified investors withdrew from the sale of Hotel Trujillo, an Andrean hotel. The state Deposit Guarantee Fund has over 2,500 assets and companies which are related to banks. Eighty per cent of the firms may be disposed of over the next five years.

Hotels & Motels, Hotels (except Casino Hotels) and Motels, Mergers, acquisitions and divestments, Economic policy, Hotels and motels

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