Motilal Oswal
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Motilal Oswal
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Venezuela's massive blackout sparks boom in generator sales

Updated : 2019-06-13 11:53:45

Millions of poor live at the mercy of Venezuela's unstable power grid, but middle- and upper-class residents able to scrape together enough dollars are buying backup generators in an attempt to regain a normal life.

A vendor shows a power generator to customers at the Maracaibo flea marker, in Venezuela.  (AP Photo/Rodrigo Abd)
A vendor shows a power generator to customers at the Maracaibo flea marker, in Venezuela.  (AP Photo/Rodrigo Abd)
Millions of poor live at the mercy of Venezuela's unstable power grid, but middle- and upper-class residents able to scrape together enough dollars are buying backup generators in an attempt to regain a normal life. (AP Photo/Rodrigo Abd)
Millions of poor live at the mercy of Venezuela's unstable power grid, but middle- and upper-class residents able to scrape together enough dollars are buying backup generators in an attempt to regain a normal life. (AP Photo/Rodrigo Abd)
A dog is illuminated by a car during a blackout in Maracaibo, Venezuela. Venezuela holds the world's largest oil reserves as well as vast water resources to fill hydroelectric dams. It long had a state-of-the-art power grid that sold excess electricity to neighbouring countries. (AP Photo/Rodrigo Abd)
A dog is illuminated by a car during a blackout in Maracaibo, Venezuela. Venezuela holds the world's largest oil reserves as well as vast water resources to fill hydroelectric dams. It long had a state-of-the-art power grid that sold excess electricity to neighbouring countries. (AP Photo/Rodrigo Abd)
As Venezuela's crisis deepens, the sale of electric generators is one of the few growth industries in the once-wealthy oil nation, whose residents struggle to get through each day as public services crumble. (AP Photo/Rodrigo Abd)
As Venezuela's crisis deepens, the sale of electric generators is one of the few growth industries in the once-wealthy oil nation, whose residents struggle to get through each day as public services crumble. (AP Photo/Rodrigo Abd)
Jennifer Vejar holds her 2-month-old baby Enmanuel Benitez, illuminated by a torch known in Maracaibo as a
Jennifer Vejar holds her 2-month-old baby Enmanuel Benitez, illuminated by a torch known in Maracaibo as a "Mechurrio," in reference to the flares that burn excess gases on oil wells, during a blackout. Locals make their "Mechurrios" from old cans, bottles and other containers and fill them with fuel and a wick. (AP Photo/Rodrigo Abd)
People sleep on the sidewalk to escape from the heat, due to the lack of electricity in their homes that do not allow them to run their air conditioners and fans, during a blackout in Maracaibo, Venezuela. Maracaibo's sweltering heat approaches 100 degrees (37 centigrade) most days, making the air conditioner a must. (AP Photo/Rodrigo Abd)
People sleep on the sidewalk to escape from the heat, due to the lack of electricity in their homes that do not allow them to run their air conditioners and fans, during a blackout in Maracaibo, Venezuela. Maracaibo's sweltering heat approaches 100 degrees (37 centigrade) most days, making the air conditioner a must. (AP Photo/Rodrigo Abd)
Richard Montano eats
Richard Montano eats "Tumbarrancho" arepas with his son Reinel Montano, 13, illuminated by a torch known in Maracaibo as a "Mechurrio" during a blackout in Maracaibo, Venezuela. The "Mechurrio" belongs to the arepa vendor, and he uses it as a way to attract customers in Maraciabo's darkened streets. (AP Photo/Rodrigo Abd)
Popcorn vendor Raul Navas looks for customers during a blackout in Maracaibo, Venezuela. Navas uses a kerosene lamp to illuminate his cart as he walks the streets during the blackout. (AP Photo/Rodrigo Abd)
Popcorn vendor Raul Navas looks for customers during a blackout in Maracaibo, Venezuela. Navas uses a kerosene lamp to illuminate his cart as he walks the streets during the blackout. (AP Photo/Rodrigo Abd)
The Zabala family prepares dinner at their home during a blackout in Maracaibo, Venezuela. Venezuela's current President Nicolás Maduro accuses the Trump administration of sabotaging the power grid in a bid to overthrow him and install a puppet government led by opposition politician Juan Guaidó. (AP Photo/Rodrigo Abd)
The Zabala family prepares dinner at their home during a blackout in Maracaibo, Venezuela. Venezuela's current President Nicolás Maduro accuses the Trump administration of sabotaging the power grid in a bid to overthrow him and install a puppet government led by opposition politician Juan Guaidó. (AP Photo/Rodrigo Abd)
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