Kalpana Kalpana (Editor)

Electricidad de Caracas

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Type
  
Industry
  
Headquarters
  
Founded
  
1895

Traded as
  
BVC: EDC

Products
  
Founder
  
Parent organization
  
Key people
  
Richard Bulger (Chairman)

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%. Paul Hanrahan, president and CEO of AES said the deal had been a fair process that respected the rights of investors.

References

Electricidad de Caracas Wikipedia


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