Venezuela's Corpoelec warns electrical crisis resolution may take up to a year

The head of Venezuela's state power utility Corpoelec stated that repairing generation equipment requires spare parts with delivery lead times of up to a year, indicating prolonged power outages. This signals a chronic infrastructure failure with no near-term fix, likely worsening economic and humanitarian conditions. The claim is an official admission of the severity, but the timeline is an estimate and subject to change.