Monday, February 24, 2014
Alejandro Betancourt, founder of Derwick Associates
Alejandro Betancourt, one of the representatives of a new generation of entrepreneurs in Venezuela.
He studied Economics and Business Administration from Suffolk University in Massachusetts (Boston, USA), and has developed his business career in his own country, Venezuela.
His career has been consistently linked to the international trade and energy sector. He also has senior management experience in international companies, having served as Director of Trade for Latin America in the United Kingdom delegation to the ICC-OEOC, a North American firm with presence in Europe, Middle East, South America, and Africa.
After working for the ICC-OEOC, Betancourt was part of the management teams of Guruceaga Group and BGB Energy. Being CEO of BGB Energy included his active participation in the Interconexión Centro Occidente of Venezuela project (ICO) in 2006.
Following the success of BGB Energy Project in ICO and nearly a decade of industry experience, Alejandro Betancourt finally decided to found Derwick Associates in 2007, specializing in the Engineering, Procurement and Construction (IPC) of power plants, focusing on innovation and the improvement of the processes of electric power production in Venezuela.
Wednesday, January 30, 2013
Derwick President meets with President of the Spanish electrical sector
The president of Derwick Associates, Alejandro Betancourt, met this morning with Eduardo Montes, the Spanish President of UNESA, in Madrid. At this meeting, Betancourt presented his company's plans to study investment opportunities in the Spanish energy sector.
The president of the Venezuelan company wanted to obtain more precise information about the current situation of the Spanish energy sector in order to begin working on an international development strategy for the company.
The production and distribution of electrical energy is one of the main components of the Spanish economy, particularly in terms of its contribution to GDP (1,2%) and its status as the country's first industrial sector. The largest Spanish electricity companies are all active on the stock exchange and are financed through first-class local and international funds.
Derwick has had an office in Spain since 2010. This office is responsible for strategy development in international markets, the outcome of which can already be seen in countries such as Chile.
In the past five years Derwick has faced a number of difficulties, but it has also experienced fast growth as a result of Venezuela's energy demands. These demands have been caused by the needs of the oil industry and a severe drought the country experienced, which in turn generated power shortages resulting from its dependence on hydropower.
Energy shortages forced the Venezuelan government to draw up a strict rationing plan as well as a plan to urgently expand the country's capacity for electricity generation and a strategy for the diversification of power generation sources at very short notice. This situation has placed the company in a unique position in the market, and it finds itself influencing the decisions of the market at large. Derwick has in recent years developed eleven engineering projects and has been responsible for the construction and commissioning of thermoelectric power plants in Venezuela with a total installed capacity of 1,216 MW, thus supplying energy to more than 800,000 Venezuelan families.
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