Currency instability in Argentina and Venezuela is causing energy firms to review their commitment to the region
Plunging revenue for power giants AES of the US and Spain's Endesa, combined with Enron's bankruptcy mean tough times for Latin America's investment-starved energy sector, especially in Brazil. Mexico, the Dominican Republic, Venezuela, Brazil and other countries in the region with growing power demand must lower barriers and increase incentives for new investment. If not, they will miss out on a piece of a shrinking pool of foreign capital for projects in developing nations and risk power shortages. Last week, AES and Endesa, two of Latin America's biggest power players, announced plan...
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