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Venezuela, General Electric sign cooperation agreement on power supply

Jun 16, 2026

Caracas [Venezuela], June 16: Venezuela's government and the local ​branch of US conglomerate General (GE.N) signed a memorandum of understanding, Venezuelan state TV showed on ​Monday, according to Reuters.
Interim President Delcy Rodriguez ​said she had asked her ⁠teams to formaliSe the contract ​as soon as possible to ​begin work that should make available 1 gigawatt of energy within its ​first 24 months and more ​than 5 gigawatts over four years.
"This is ⁠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.
Source: Emirates News Agency

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