Electricidad de Caracas
Encyclopedia
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.
Caracas Stock Exchange
The Caracas Stock Exchange or Bolsa de Valores de Caracas is a stock exchange located in Caracas, Venezuela. Originally established in 1947, BVC merged with a competitor in 1974 to become the only securities exchange operating in Venezuela....
: EDC) is the integrated electricity company for Caracas
Caracas
Caracas , officially Santiago de León de Caracas, is the capital and largest city of Venezuela; natives or residents are known as Caraquenians in English . It is located in the northern part of the country, following the contours of the narrow Caracas Valley on the Venezuelan coastal mountain range...
, Venezuela
Venezuela
Venezuela , officially called the Bolivarian Republic of Venezuela , is a tropical country on the northern coast of South America. It borders Colombia to the west, Guyana to the east, and Brazil to the south...
and surrounding areas, with more than 1 million connections. It was acquired by AES Corporation
AES Corporation
AES Corporation is a Fortune 500 company that generates and distributes electrical power. The company was founded on January 28, 1981, as Applied Energy Services by Roger Sant from the US Federal Energy Administration and Dennis Bakke from the Office of Management and Budget. AES Corporation is...
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.