Montevideo, Uruguay – The Uruguayan government has announced that it will maintain the current system of monthly fuel price adjustments, which has been in place since 2021. However, authorities are evaluating a regulatory change to establish a minimum adjustment period of six months while also reviewing distribution costs. Regulatory Changes and Price Adjustments Minister of
Santiago, Chile – Czech renewable energy company Solek, which controls several solar parks in Chile, has requested a financial restructuring after suspending debt payments to the MW Investiční Fond Sicav fund. The company, led by businessman Zdeněk Sobotka, cited financial difficulties and regulatory uncertainty as key factors behind its decision. Financial Struggles and Debt Issues
Venezuela’s government has extended an open invitation to international oil companies to continue operations in the country, even as U.S. licenses permitting such activities expire. Executive Vice President and Minister of Hydrocarbons Delcy Rodríguez emphasized that firms operating without foreign government-issued licenses are functioning “at full capacity” and that those previously working under U.S. permits
The arrival of colder temperatures has provided the government with a temporary reprieve from addressing power outages, at least until December. However, the outlook for future summers remains increasingly dire due to decades of underinvestment in transmission infrastructure. This lack of investment has created a bottleneck, preventing the construction of new power plants to meet
Chilean energy executives acquire coal-fired plant amid global fossil fuel divestment In December, AES Corporation announced the sale of its Ventanas power plant, a coal-fired facility in Chile, to Quintero Energía, a company founded by two former executives of Enersis. The plant, once operating four units, is now reduced to just two—Units 3 and 4—with