Electricidad de Caracas
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Type | Public |
---|---|
BVC: EDC | |
Industry | Electricity |
Founded | 1895 |
Founder | Ricardo Zuloaga |
Headquarters | , |
Key people | Richard Bulger (Chairman) |
Products | Electric power |
Services | Electric power distribution |
Revenue | US$835.5 million (2008) |
- US$140.1 million (2008) | |
Number of employees | 2,900 |
Parent | PDVSA |
Subsidiaries | Electricidad de Guarenas y Guatire |
Website | www |
Electricidad de Caracas (BVC: EDC) is the integrated electricity company for Caracas, Venezuela and surrounding areas, with more than 1 million connections. It was acquired by AES Corporation in 2000 and sold to the state-owned oil company PDVSA in 2007, which now owns 93.62%.[1] Paul Hanrahan, president and CEO of AES said the deal had been a fair process that respected the rights of investors.[2] Since 2007 and the nationalization of the electricity generation and transportation, it has been incorporated into Corpoelec.
See also[]
References[]
- ^ [1]
- ^ "Venezuela moves to nationalize top electric company with buyout of AES stake". International Herald Tribune. February 8, 2007. Retrieved February 9, 2007.
External links[]
Categories:
- Government-owned companies of Venezuela
- Caracas
- Companies listed on the Caracas Stock Exchange
- Electric power companies of Venezuela
- Companies based in Caracas
- Venezuela stubs
- South American company stubs