Venezuela signs deal with General Electric to rebuild power grid

Venezuela has signed a deal with General Electric to help rebuild its long-degraded electricity grid, according to the BBC . The agreement marks further cooperation between American corporations and the country’s interim administration, a notable shift after years in which US sanctions kept most American firms out of the Venezuelan market.

Chronic blackouts have been one of the most visible symptoms of Venezuela’s economic collapse, so grid investment is both an infrastructure need and a political signal — evidence that Washington and Caracas are willing to let commercial ties resume as relations thaw.

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