Key Facts

• Venezuela faces regular power cuts that sometimes last 10 hours or more, affecting major cities like Caracas.
• The power system was nationalized in 2007 and now needs major repairs and investment.
• The government blamed drought for power problems, as the Guri hydroelectric dam produces less electricity in dry periods.
• Analysts say poor maintenance and high electricity use have caused an energy crisis that hurts the economy.
• The deal with General Electric Vernova was signed under Energy Minister Rolando Alcalá, an electrical engineer appointed recently.
• This is the first time in years that a civilian engineer leads the energy ministry; previously, military officials held the post.
• The US and Venezuela’s interim government have increased cooperation, including a recent joint operation against a criminal gang leader.
• Some Venezuelan opposition leaders say key government institutions remain controlled by Maduro’s supporters and free elections are still needed.