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GE Vernova and Venezuelan energy infrastructure projects

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2026-10-30 17:24 UTC → 2026-10-30 17:26 UTC · added ~~removed~~

GE Vernova is engaged in various international energy infrastructure developments. In Vietnam, the company signed an agreement with VinEnergo, a member of Vingroup, to supply gas turbine technology for the Hai Phong LNG Power Plant. This project, with a design capacity of 4,800 MW, aims to begin operations by the end of 2030 using technology capable of burning fuel mixtures containing up to 50% hydrogen. In Venezuela, GE Vernova has paused the physical execution of repairs for the national electrical grid. While the company has completed engineering and operational planning following a framework agreement with the state utility Corpoelec, CEO Scott Strazik stated that the firm is awaiting an initial capital injection before beginning field work. The company maintains it will not execute field operations without guaranteed upfront payment. Parallel to GE Vernova’s status, the Argentine-American engineering firm IMPSA has officially commenced a modernization and rehabilitation project for the Macagua and Tocoma hydroelectric plants in Bolívar state, Venezuela. This initiative, supported by over 300 million dollars in government allocation, aims to recover 672 MW of generating capacity over a 24-month period. At the Macagua plant, the project focuses on rehabilitating units 4, 5, and 6 to restore 240 MW, with the first 80 MW turbine expected to be operational by December 2026. At the Tocoma plant, the project involves installing two high-efficiency Kaplan turbines to contribute 432 MW to the grid. The project was announced by interim president Delcy Rodríguez in the presence of officials from Corpoelec and U.S. Chargé d’Affaires John Barrett.

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