The Manuel Piar Hydroelectric Power Plant (Tocoma Dam) is a stalled

hydroelectric Hydroelectricity, or hydroelectric power, is Electricity generation, electricity generated from hydropower (water power). Hydropower supplies 15% of the world's electricity, almost 4,210 TWh in 2023, which is more than all other Renewable energ ...

development project in the Lower

Caroní River The Caroní River is the second most important river of Venezuela, the second in flow, and one of the longest, from the Kukenan tepui through to its confluence with the Orinoco River. The name "Caroní" is applied starting from the confluenc ...

Basin of

Venezuela Venezuela, officially the Bolivarian Republic of Venezuela, is a country on the northern coast of South America, consisting of a continental landmass and many Federal Dependencies of Venezuela, islands and islets in the Caribbean Sea. It com ...

. The project, started in 2006, includes the installation of MW to generate annual average energy of . As of 2019, the project is unfinished. The project was awarded to OIV consortium, consisting of

Odebrecht Odebrecht S.A. (), officially known as Novonor, is a Brazilian conglomerate, headquartered in Salvador, Bahia, Brazil, consisting of diversified businesses in the fields of engineering, construction, chemicals and petrochemicals. The company w ...

(50%), Salini Impregilo (40%) and Vinccler (10%), with an initial budget

US$ The United States dollar (Currency symbol, symbol: Dollar sign, $; ISO 4217, currency code: USD) is the official currency of the United States and International use of the U.S. dollar, several other countries. The Coinage Act of 1792 introdu ...

3,061 mil. Ten Kaplan generator units, of , manufactured by an Argentinian company , were predicted to begin operations between 2012 and 2014. These units had the world record as of 2012 in power generation at nominal head for Kaplan turbines. The diameter of the runner is and nominal head is with claimed output up to . The first generator was installed but not yet commissioned in April 2012. Behind schedule, the dam began to impound its reservoir on 16 November 2015. The budget tripled to $9,4 billion in 2017, as of 2019 the project is still unfinished. Odebrecht spent between 2007 and 2015 at least $118 million on

bribes Bribery is the corrupt solicitation, payment, or acceptance of a private favor (a bribe) in exchange for official action. The purpose of a bribe is to influence the actions of the recipient, a person in charge of an official duty, to act contrar ...

related to the project.

References

Dams under construction Hydroelectric power stations in Venezuela Dams in Venezuela {{Hydroelectric-power-plant-stub