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Venezuela signs deal with US energy giant to rebuild power grid

June 16, 2026

Venezuela's interim president, Delcy Rodríguez, has partnered with General Electric to repair the nation's deteriorating electrical infrastructure, which has caused extended blackouts lasting ten hours or more throughout major cities. This collaboration represents a significant policy shift toward American business engagement, contrasting sharply with Rodríguez's previous anti-US stance before Nicolás Maduro's removal by US forces in January. While the interim government is attracting foreign investment and cooperating with Washington on security matters, opposition voices express concern that Maduro loyalists continue controlling most government institutions.

Who is affected

  • Venezuelan citizens experiencing frequent power outages
  • Delcy Rodríguez (interim president)
  • General Electric Vernova (US company's local branch)
  • Nicolás Maduro (seized Venezuelan leader)
  • Rolando Alcalá (Energy Minister)
  • Tren de Aragua criminal gang leader (killed)
  • Venezuelan security forces
  • Members of Venezuela's opposition
  • Maduro loyalists in government institutions
  • US Trump administration officials (Pete Hegseth, Marco Rubio)

What action is being taken

  • Venezuela's interim president is signing an agreement with General Electric to rebuild the electricity grid
  • Rodríguez is opening Venezuela's economy to US investors and companies
  • Rodríguez is closely cooperating with the Trump administration
  • US Secretary of State Marco Rubio stated that work is ongoing to create conditions for free elections (including free media, political party organization space, and a new electoral council)

Why it matters

  • Venezuela's electricity infrastructure has been in critical decline since its nationalization in 2007, with insufficient investment and maintenance creating severe energy shortages that block economic recovery. The partnership with General Electric signals a fundamental shift in Venezuela's economic policy toward US engagement and represents a potential pathway to restoring essential services that affect millions of citizens. The agreement also reflects the broader geopolitical transformation following Maduro's removal, though concerns remain about whether genuine democratic reforms will accompany economic liberalization, as control of key institutions remains with former regime loyalists.

What's next

  • US Secretary of State Marco Rubio indicated that work is ongoing to establish conditions necessary for free and fair democratic elections, including creating free and open media, providing space for political parties to organize, and forming a new electoral council, though no specific timeline for elections was provided.

Read full article from source: BBC

Venezuela signs deal with US energy giant to rebuild power grid