IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 10 Mar 2010 | Removal date: open ended
Still in force

FDI: Treatment and operations, nes

On 10 March 2010, the President of the Bolivarian Republic of Venezuela approved US $50 million for nationalizing the thermo generator Turboven.
 
Prior to the nationalization, Turboven was 50% owned by the US power company PSEG. The President of Venezuela stated that the reason for the nationalization is related with the national energy sovereignty of the country.

AFFECTED COUNTRIES

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