Venezuela's government signs contract with IMPSA to complete Tocoma hydroelectric plant construction

Type: Supply Agreement · Technology: Hydro · Country: Venezuela · Announced: 2026-08-13

Venezuela's government signed a contract with Argentine multinational IMPSA to reactivate and complete the construction of the Tocoma hydroelectric plant in Bolívar state, a project initially launched in 2007 during Hugo Chávez's presidency. The agreement aims to add 2,640 MW of capacity to the national grid by installing ten generating units, addressing chronic electricity shortages exacerbated by infrastructure failures and maintenance issues. IMPSA's president, Jorge Rafael Salcedo, emphasized the project's significance as one of Latin America's most important hydroelectric initiatives, pledging execution with high efficiency and advanced technology standards. The works will proceed in stages over 14 to 19 months to complete initial construction and technical integration phases in the Guayana region. The Tocoma plant is part of the larger Guayana hydroelectric complex, which includes Guri, Macagua, and Caruachi dams, and is expected to stabilize the country's embankment system and industrial development in Bolívar.

Analysis

Venezuela's government signed a contract with IMPSA to complete the construction of the Tocoma hydroelectric plant in Bolívar state, aiming to add 2,640 MW of capacity to the national grid. IMPSA's president, Jorge Rafael Salcedo, will oversee the project, which is expected to be completed in stages over 14 to 19 months. The Tocoma plant is part of the larger Guayana hydroelectric complex, which includes Guri, Macagua, and Caruachi dams, located in the Guayana region. The contract was signed on 2026-08-13, with the project initially launched in 2007. The value of the contract was not disclosed.

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