Ordinary shares to be issued by the power utility target existing and new investors.
The monthly inflation rate rose to 57% in November and is on track to exceed 2,000% on an annual basis in 2017. Meanwhile, London-based BMI Research said that Venezuela's macroeconomic crisis would continue to afflict the banking and financial services segments "for the foreseeable future."
The German company has signed a contract to build and operate a plant in the north of the country.
An official at Mexico's economy ministry says Canada has approved the proposal, as the US is still analyzing.
The three countries have launched a portal containing information on what is becoming an increasingly integrated energy market.
Residents in Barranquilla and Montería have already been surveyed as part of the Plan Choque Caribe initiative, which will include seven departments in the country's north.
The works are expected to be completed by October 2018.