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Venezuela partners with US firm to reconstruct power grid
Venezuela's interim president signed an agreement with US energy company General Electric to rebuild the country's power grid, aiming to address frequent and prolonged power outages. The deal marks a shift toward opening Venezuela’s economy to US investment, with the goal of restoring essential energy services. Power shortages, worsened by underinvestment and high consumption, have hindered economic recovery, and the new agreement seeks to improve the dilapidated system.
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