CA La Electricidad de Caracas launched the construction of the thermoelectric complex Termocentro in northern Venezuela valued at USD 2.3 billion (EUR 1.698 billion). Located in Miranda state, next to Caracas, the complex will operate on natural gas and will add 1,600 MW to the national installed capacity.

CA La Electricidad de Caracas (EDC) will invest nearly $1.1 billion (€638 million) in the next three years to improve its services and reduce the capital's reliance on the national distribution system. The company is planning to build three plants to secure the city's power independence, including two facilities of 500 MW and 200 MW in Valles del Tuy and a 300 MW plant in La Guaira. The utility has invested nearly $300 million (€191 million) so far in 2008.

CA La Electricidad de Caracas has restructured its corporate debt to save money and in turn increase investment in new projects. The company first repurchased all debt that had been issued by EDC when controlled by AES for $269 million. The company then sold new bonds worth $650 million. The new debt does not restrict social spending. The company's new investment plan will be four times larger than its previous one. The new debt was issued with terms favorable to EDC and mostly sold on secondary international markets. The company is planning a 500MW thermo plant in the Valles del Tuy municipality and a 200MW thermo plant to be built on Margarita island.