Venezuela and GE Vernova sign a memorandum to strengthen the power system
The Venezuelan government and GE Vernova, an independent energy company, signed a memorandum of understanding aimed at recovering generation capacity of the National Electric System, following a technical evaluation carried out over approximately six weeks.
A new stage for the power supply. The memorandum establishes a cooperation route to strengthen the National Electric System. Before the signing, GE Vernova teams carried out a roughly six-week technical evaluation of the country's hydroelectric and thermoelectric generation.
Attendees included Roger Martella, corporate director and chief sustainability officer of GE Vernova; Eric Gray, CEO of the Power segment; and John Barrett, United States chargé d'affaires in Venezuela. GE Vernova has operated as an independent company since its spin-off from General Electric in April 2024.
We want to move fast, to get the system working as fast as possible.
Phased recovery targets
According to the targets announced at the signing, the plan aims to recover or add 1,000 megawatts of capacity within the first 24 months and more than 5,000 megawatts within four years. These figures are projections under the memorandum, not results already achieved.
The government stated its intention to turn the memorandum into an operating contract to begin the works. As of September 10, 2026, there was no independent public confirmation that this final contract had been signed.
