Venezuela signs GE Vernova deal to expand power generation
Officials say the agreement could add 5 gigawatts of power capacity over four years as Venezuela works to improve an outage-hit grid.
By Lucas Ferreira · Science & Environment Writer
1 min read
Venezuela has signed an agreement with GE Vernova to increase electricity generation, Al Jazeera reported. Officials say the deal could add 5 gigawatts of capacity over four years, offering a potential lift to a power system hit by years of outages.
The agreement links Venezuela with the US energy company as the government seeks to improve electricity supply, according to Al Jazeera. The report described the power system as one that has been plagued by outages for years.
Officials presented the deal as a capacity-building effort rather than a short-term repair, with the projected 5-gigawatt increase spread across a four-year period, according to Al Jazeera. The report did not include further details on project sites, financing terms or implementation dates beyond that timeline.
GE Vernova is identified in the report as the company involved in the agreement. Al Jazeera did not report additional comment from the company or Venezuelan officials beyond the expected capacity increase.
The deal puts electricity generation at the center of Venezuela’s infrastructure plans, based on the details reported by Al Jazeera. For households and businesses that have dealt with repeated power cuts, the stated target would represent a notable addition if completed as officials described.
This story draws on original reporting from Al Jazeera.