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| 2/16/2010 12:00:00 AM

Venezuela spurns Colombian electricity offer

Feb 16--President Hugo Chavez's government said Monday it isn't interested in buying electricity from neighboring Colombia despite Venezuela's struggles with severe energy shortages.

Colombian Energy Minister Hernan Martinez said earlier Monday that his country is producing more electricity than it consumes and could supply Venezuela with power.

But Venezuelan Vice President Elias Jaua spurned the offer, saying his country "is going to power up its own electricity system."

Chavez blames energy shortages on a drought and low water levels at Guri Dam, which supplies about 70 percent of Venezuela's electricity.

Critics call the shortages a result of the president's failure to invest enough in electricity production over the last decade.
 
Read more here.
 
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