Electricidad De Caracas
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Electricidad de Caracas ( BVC
EDC
is the integrated electricity company for
Caracas Caracas (, ), officially Santiago de León de Caracas, abbreviated as CCS, is the capital and largest city of Venezuela, and the center of the Metropolitan Region of Caracas (or Greater Caracas). Caracas is located along the Guaire River in the ...
,
Venezuela Venezuela (; ), officially the Bolivarian Republic of Venezuela ( es, link=no, República Bolivariana de Venezuela), is a country on the northern coast of South America, consisting of a continental landmass and many islands and islets in th ...
and surrounding areas, with more than 1 million connections. It was acquired by
AES Corporation The AES Corporation is an American utility and power generation company. It owns and operates power plants, which it uses to generate and sell electricity to end users and intermediaries like utilities and industrial facilities. AES is headquart ...
in 2000 and sold to the state-owned oil company
PDVSA Petróleos de Venezuela, S.A. (PDVSA, ) (English: Petroleum of Venezuela) is the Venezuelan state-owned oil and natural gas company. It has activities in exploration, production, refining and exporting oil as well as exploration and production ...
in 2007, which now owns 93.62%. Paul Hanrahan, president and CEO of AES said the deal had been a fair process that respected the rights of investors. Since 2007 and the nationalization of the electricity generation and transportation, it has been incorporated into
Corpoelec Corpoelec is a fully integrated state power corporation of Venezuela. It was created in 2007 by merging ten state-owned and six private-owned power companies. , the president of the company, since 2015, is Luis Motta Domínguez Luis Al ...
.


See also

*
Energy policy of Venezuela Venezuela has the largest conventional oil reserves and the second-largest natural gas reserves in the Western Hemisphere. In addition Venezuela has non-conventional oil deposits ( extra-heavy crude oil, bitumen and tar sands) approximately equa ...


References


External links


Connecting low-income consumers: AES in Venezuela
Government-owned companies of Venezuela Caracas Companies listed on the Caracas Stock Exchange Electric power companies of Venezuela Companies based in Caracas {{Venezuela-company-stub