Market Chatter: GE Vernova Preparing Venezuela Power Generation Contracts

MT Newswires Live

Jul 22

GE Vernova (GEV) is preparing contracts to help strengthen Venezuela's power grid and would be close to signing them had the country not suffered a recent earthquake, Bloomberg reported Wednesday, citing an interview with Chief Executive Officer Scott Strazik.

The company and Venezuela's Corpoelec electricity utility signed a deal last month to ramp up work to strengthen the country's grid. GE Vernova will first rehabilitate 11 gigawatts of installed generating capacity in Venezuela before adding new capacity, Strazik told Bloomberg.

GE Vernova did not immediately reply to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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GE Vernova will first rehabilitate 11 gigawatts of installed generating capacity in Venezuela before adding new capacity, Strazik told Bloomberg.</p><p>GE Vernova did not immediately reply to MT Newswires' request for comment.</p><p>(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. 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GE Vernova will first rehabilitate 11 gigawatts of installed generating capacity in Venezuela before adding new capacity, Strazik told Bloomberg.</p><p>GE Vernova did not immediately reply to MT Newswires' request for comment.</p><p>(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0823414478.USD","symbol_name":"法巴经典能源转换基金","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2653768015","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2653768015","pubTimestamp":1784725435,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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