Venezuela Signed a Big Deal to Fix Its Electricity Crisis—But Can It Actually Happen?

Venezuela Signed a Big Deal to Fix Its Electricity Crisis—But Can It Actually Happen?

Venezuela agreed to bring in enough new power generation to ease blackouts that have shut down hospitals and factories. The deal is with GE Vernova and spans four years. The catch: economic sanctions, past broken promises, import problems, and currency chaos could derail it. Big projects in struggling countries often fail. If Venezuela pulls this off, foreign investors may trust it again—if not, they won't.

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