US Embassy Celebrates Venezuela's Power Grid Deals with GE Vernova, IMPSA

The U.S. Embassy in Venezuela has lauded the recent signing of agreements between Caracas and American companies GE Vernova and IMPSA, aimed at bolstering the nation's electrical infrastructure. In social media posts, the embassy described the deal with GE Vernova as a "new advance" under a U.S. plan for Venezuela, emphasizing its importance for stabilizing the power grid and boosting energy generation.

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marks an important step toward stabilizing Venezuela's electrical grid and increasing power generation in the short term, which will support employment, investment, and economic recovery.

Reliable electricity is crucial for growth and prosperity, the embassy stated, linking the agreement to a three-phase plan by the U.S. president and secretary of state for Venezuela's stabilization, recovery, and transition. The accord with IMPSA is projected to add 672 megawatts to Venezuela's capacity within 14 months.

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is fundamental for growth and prosperity.

Venezuelan Vice President Delcy Rodríguez provided further details, explaining that the GE Vernova agreement would restore 1,000 megawatts in the first 24 months and over 5,000 megawatts within four years. The partnership also targets transmission networks, substations, new technologies, and personnel training. Rodríguez highlighted that the electrical system's recovery would benefit the entire country and attract international investment.

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marks a new advance under President Trump's three-phase plan and Secretary Rubio.

Venezuela has grappled with persistent power outages for years. The government blames foreign sanctions, while critics point to mismanagement, corruption, and a lack of maintenance. Separately, Venezuela announced a significant agreement with IMPSA to complete the Tocoma hydroelectric plant, which had been stalled for years.

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will add 672 megawatts for Venezuela in 14 months.