Venezuela inks deal with General Electric to rebuild grid
This handout picture released by the Venezuelan Presidency shows Venezuela's interim President Delcy Rodriguez (C) speaking in front of Rolando Alcala (R), Venezuela's minister of electric power, during a meeting at the Miraflores presidential palace in Caracas on June 15, 2026.
Venezuela has signed an agreement with General Electric for the U.S. utility giant to rebuild its decrepit power grid, the South American country's interim president Delcy Rodriguez said.
Most of Venezuela including the capital Caracas endures daily blackouts lasting up to 10 hours as the country deals with decades of neglect and underinvestment in the energy sector and elsewhere.
Speaking alongside GE executives at the presidential palace, Rodriguez called it an historic step "to recover such an essential service."
