Electricidad de Caracas ( BVC
EDC
is the integrated electricity company for

Caracas Caracas ( , ), officially Santiago de León de Caracas (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 northern p ...

Venezuela Venezuela, officially the Bolivarian Republic of Venezuela, is a country on the northern coast of South America, consisting of a continental landmass and many Federal Dependencies of Venezuela, islands and islets in the Caribbean Sea. It com ...

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 Petróleos de Venezuela, S.A. (acronym PDVSA, , English language, 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 e ...

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. For that year the president of Electricity of Caracas was Eng. Javier Alvarado Ochoa who would become vice minister to the Ministry of Popular Power for Electric Energy by presidential decree No. 7,241 on February 12, 2010 this would serve as a link with other public officials who would be implicated in the contracts of Derwick Associates without adequate experience and accused of receiving bribes.

References

External links

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

See also

References

External links