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Venezuela, General Electric sign cooperation agreement on power supply
Officials said the plan could add 5 gigawatts of capacity over four years and includes training for local technicians.
- On Monday, interim President Delcy Rodriguez signed a memorandum of understanding with GE Vernova and Corpoelec to repair and modernize Venezuela's national power grid, attended by U.S. Charge d'Affaires in Caracas John Barrett.
- Following a six-week audit confirming deteriorated facilities at Corpoelec, the National Assembly approved reforms this month ending a 15-year state monopoly and allowing 25-year foreign concessions to address blackouts in Zulia.
- Targeting 1,000 megawatts within 24 months, the plan aims to restore more than 5,000 MW over four to five years, prioritizing the Guri Hydroelectric Plant which supplies about 70% of Venezuela's electricity.
- Vernova Chief Sustainability Officer Roger Martella pledged to implement energy management software, substation upgrades, and specialized training for the technical workforce over 12 months to strengthen the national electric system.
- Stabilizing thermoelectric generation reduces pressure on the Guri complex, improving energy independence for central and western regions while addressing significant wear from lacking original replacement parts.
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47 Articles
47 Articles
This is a historic step for Venezuela, which allows us to restore a service as essential to the life of a country as the supply of electricity, said Delcy Rodríguez
·Brazil
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Caracas. On Monday, the Venezuelan government signed a Memorandum of Understanding with the United States corporation General Electric (GE) Vernova, aimed at the “stabilization, recovery and optimization” of the National Electrical System (SEN).
·Mexico
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Coverage Details
Total News Sources47
Leaning Left7Leaning Right9Center5Last UpdatedBias Distribution43% Right
Bias Distribution
- 43% of the sources lean Right
43% Right
L 33%
C 24%
R 43%
Factuality
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