Venezuela attempts to cut power supply for four hours daily
Venezuela government plan to cut the country's power stability by four hours each day for 40 days as this was due to the current challenges facing the country's energy and power sector as they face severe hydroelectric drought in terms of output.
Confirming the latest development on Thursday, energy minister Luis Motta Dominguez said the hours of suspension would be published on a daily basis in various newspapers publications and on ministerial websites adding that the cuts would not happen between 20:00 and midday.
Meanwhile, the Venezuelan president Nicolas Maduro has accused the country's business elite of colluding with the US to wreck the economy as its energy crisis has been deepening negatively thus affecting the nations major productions.
while the government blames others for their present situation, politicians and the elitist group has taken a swipe on the government for her failures in doing the right thing as at when needed and for failing to coordinate the economy in a proper direction.
According to experts, the country's latest situation though not novel to Venezuela alone, but arises from the dwindling pricing in oil which happens to be the main exclusive relies of the country's export among other things.
The recent setbacks have forced production capacity to a very low output as certain industries are even forced out of business giving the sharp rise of raw materials needed for production process.
Venezuelan known to have the largest oil reserves in the world but her government have continued to decline the option of using crude as a source of electricity as it has label such production as an inefficient method.
Similarly, with this current measures in place, so many are seeing a greater economy hardship if the government fails to live up its expectations by providing a safe heaven for both citizens and investors as thye case maybe.
other strident measures includes reducing the time hours of both office and business hours noting that move is in a quick attempts to save the both the nations energy and from preventing the already dwindling economy from collapsing.
President Nicholas Maduro in the wake of all this had come under severe pressure from opposition political party to take the noble path by resigning his office as president of Venezuela but president Maduro has vowed to clung on to power despite this recent upheavals while affirming his resolve to solve the situation in no distant timing.
Venezuela has come under the noose dive of worst inflationary trend with the basic goods production in short supply leaving households in long queues time at supermarkets shopping for rare subsided products.
President Nicholas says he will not deviate from the socialist revolution which was preached and practice by her predecessor Hugo Chavez as he has inherently blamed the recent economy woes in the country on certain capitalist who are bent on using their capitalist injunctions in weakening the economy fulcrum of the country.
Confirming the latest development on Thursday, energy minister Luis Motta Dominguez said the hours of suspension would be published on a daily basis in various newspapers publications and on ministerial websites adding that the cuts would not happen between 20:00 and midday.
Meanwhile, the Venezuelan president Nicolas Maduro has accused the country's business elite of colluding with the US to wreck the economy as its energy crisis has been deepening negatively thus affecting the nations major productions.
while the government blames others for their present situation, politicians and the elitist group has taken a swipe on the government for her failures in doing the right thing as at when needed and for failing to coordinate the economy in a proper direction.
According to experts, the country's latest situation though not novel to Venezuela alone, but arises from the dwindling pricing in oil which happens to be the main exclusive relies of the country's export among other things.
The recent setbacks have forced production capacity to a very low output as certain industries are even forced out of business giving the sharp rise of raw materials needed for production process.
Venezuelan known to have the largest oil reserves in the world but her government have continued to decline the option of using crude as a source of electricity as it has label such production as an inefficient method.
Similarly, with this current measures in place, so many are seeing a greater economy hardship if the government fails to live up its expectations by providing a safe heaven for both citizens and investors as thye case maybe.
other strident measures includes reducing the time hours of both office and business hours noting that move is in a quick attempts to save the both the nations energy and from preventing the already dwindling economy from collapsing.
President Nicholas Maduro in the wake of all this had come under severe pressure from opposition political party to take the noble path by resigning his office as president of Venezuela but president Maduro has vowed to clung on to power despite this recent upheavals while affirming his resolve to solve the situation in no distant timing.
Venezuela has come under the noose dive of worst inflationary trend with the basic goods production in short supply leaving households in long queues time at supermarkets shopping for rare subsided products.
President Nicholas says he will not deviate from the socialist revolution which was preached and practice by her predecessor Hugo Chavez as he has inherently blamed the recent economy woes in the country on certain capitalist who are bent on using their capitalist injunctions in weakening the economy fulcrum of the country.
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