Venezuela, Argentina’s Impsa Sign Deal to Work on Power Grid

Bloomberg · last updated June 14, 2026 – 5:20 PM

Venezuela signed an agreement with Argentina’s Impsa SA to complete work at the long-stalled Tocoma hydroelectric dam and help restore the country’s deteriorating power grid.

Impsa will help “complete the Tocoma Hydroelectric Plant and advance work on the National Electric System, which will add 2,640 megawatts to the country’s grid,” Venezuela’s presidential office said in a statement posted on Telegram Saturday.

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