Venezuela’s state-owned energy company Corpoelec and General Electric (GE) Vernova on Monday signed a memorandum of understanding to cooperate on the recovery of Venezuela’s rundown power grid — which was left in a dire state after decades of socialist mismanagement.
The new agreement was signed at the Miraflores presidential palace in Caracas during an event led by “acting President” Delcy Rodríguez. According to the Venezuelan Communications Ministry, the agreement between Corpoelec and GE Vernova aims to “address the persistent daily power outages” that affect Venezuela. John Barrett, the chargé d’affaires of the U.S. embassy in Caracas…
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