Rostec and Corpoelec agree to cooperate to ensure Venezuela’s energy security
Rostec, Russia’s state-owned aerospace and defense conglomerate, said on Tuesday it had signed a memorandum with Venezuelan electricity company Corpoelec aimed at ensuring the energy security of the Latin American country.
MOSCOW (UrduPoint News / Sputnik – August 3, 2021) Rostec, the Russian state aerospace and defense conglomerate, announced on Tuesday that it had signed a protocol with the Venezuelan electricity company Corpoelec aimed at ensuring the energy security of the Latin American countries.
“In collaboration with South American partners, it is planned to implement a number of projects using advanced developments and best practices to improve the security of critical energy infrastructure. In the near future, a technical commission will be created with four representatives from each side. »Declared the general manager of the Rostec subsidiary, RT-Project Technologies, Sergey Yarosh.
In order to ensure the security of the Venezuelan national electricity system, the parties plan to implement joint projects in the field of digital technologies, technical assistance, provision of necessary equipment, training and professional certification. Venezuelan specialists, Rostec said in a statement. declaration.
“This will guarantee uninterrupted electricity supply to the settlements, improve the quality of life of Venezuelan citizens and contribute to the socio-economic development of all regions of the country,” the statement said.
Corpoelec is a fully integrated Venezuelan state-owned electricity company that specializes in the generation, transmission, distribution and marketing of electricity in the country. The company was formed in 2007 as a result of the merger of the assets of ten public energy companies.
The state-owned company Rostec is one of the largest industrial enterprises in Russia. It brings together more than 800 scientific and industrial organizations in 60 Russian federated subjects. Its main fields of activity include aircraft construction, radioelectronics, medical technologies, innovative materials and others.