Venezuela’s government and the local branch of US conglomerate General Electric (GE) have signed a memorandum of understanding to upgrade the country’s power grid, state TV reported.
Interim President
Delcy Rodriguez said officials would formalise the deal urgently, targeting 1 GW
of new capacity within 24 months and over 5 gigawatts in four years.
"This is a historic step for Venezuela,
enabling us to restore a service as essential to the life of a
country as its electricity supply," she said in
an announcement, speaking
alongside the head
of GE Vernova's power segment, Eric Gray.
