Venezuela's National Assembly has unanimously approved a reform of the law governing the electricity and utilities system, which will allow the private sector to participate and invest in electricity production.
"The law does not promote, in any way, the privatization of the national electricity system, but rather the opening up so that private sectors can join in the production, self-production of electricity and in that sense, obtain some type of commercial deal for this electricity," announced the president of the legislative body, Jorge Rodriguez, to the Venezuelana de Televisia channel.
The official also promised that the state will continue to be responsible for ensuring the supply of electricity to the population and all sectors of the economy. The revised law must be promulgated by the acting president of Venezuela, Delsey Rodriguez.