Venezuelan power sector: $15–40B to light up a country Siemens and GE already inspected
VE-ENERGY April brief. GL 48A active, Wright in February, Siemens/GE inspections in March, Delcy announcement in April. The legal-enablement layer is closed; payment mechanism and power reform are not. The power constraint ceilings oil production at 1.2M bpd.
El sistema doméstico cierra abril con la habilitación legal cerrada y la habilitación operativa en evaluación. GL 48 (10-feb-2026, base) y GL 48A (13-mar-2026, ampliación) cubren bienes, tecnología, software y servicios para el sector energético, incluyendo electricidad y CORPOELEC. La visita del Secretario de Energía Chris Wright a Caracas el 11-13 de febrero — primera de un Sec. Energía a Venezuela en aproximadamente 30 años (último: Bill Richardson 1998-2001) — articuló el rol del sector privado estadounidense en modernización de la red, junto con visita a Petropiar (Faja Orinoco) y reuniones con ejecutivos Chevron y Repsol. El 13-mar OFAC emitió GL 48A; a fin de marzo equipos de Siemens Energy y General Electric inspeccionaron Gurí, Caruachi, Macagua y Bajo Caroní (presencia confirmada por prensa local; sin press release oficial Siemens-Energy.com ni GE.com).
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GL 62 — Negotiations of and Entry Into Contingent Contracts for Investment in the Telecommunications Sector of Venezuela
Authorizes transactions prohibited by the VSR — including those involving the Government of Venezuela, CONATEL, and CANTV — related to the negotiation of and entry into contingent contracts for new investment in the telecommunications sector of Venezuela, provided that performance of any such contract is made expressly contingent upon separate authorization from OFAC. Covers establishing new telecommunication service providers, expanding existing operations, and forming new joint ventures or other entities, along with prefatory steps such as commercial, legal, technical, safety, and environmental due diligence and assessments. No periodic reporting and no expiration date.
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