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About: Electricidad de Caracas     Goto   Sponge   NotDistinct   Permalink

An Entity of Type : yago:WikicatPowerCompaniesOfVenezuela, within Data Space : dbpedia.demo.openlinksw.com associated with source document(s)

Type: Thingcompanyschema:Organizationdul:Agentdul:SocialPersonagentwikidata:Q24229398OrganizationBusiness enterpriseyago:WikicatCompaniesListedOnTheCaracasStockExchangeyago:Abstraction100002137yago:Company108058098yago:Group100031264yago:Institution108053576yago:Organization108008335yago:PowerCompany108186393yago:WikicatGovernment-ownedCompaniesOfVenezuelayago:YagoLegalActoryago:YagoLegalActorGeoyago:YagoPermanentlyLocatedEntityorganisationyago:Service108186047yago:SocialGroup107950920yago:Utility108185758yago:WikicatPowerCompaniesOfVenezuela New Facet based on Instances of this Class

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. Since 2007 and the nationalization of the electricity generation and transportation, it has been incorporated into Corpoelec.