Sistema Eléctrico del Estado Nueva Esparta (SENECA)

Name

Sistema Eléctrico del Estado Nueva Esparta (SENECA)

Legal name

Corporación Eléctrica Nacional, S.A.

Website

https://corpoelec.gob.ve

Company type

Private

Operating status

Operating

Headcount range

11–50 employees

Ownership category

akta.pro rank

Product category

Electric Power Distribution Services

NAICS

Electric Power Generation, Transmission and Distribution (2211), Electric Bulk Power Transmission and Control (221121), Hydroelectric Power Generation (221111)

SIC

Electric Services (4911), Electrical Industrial Apparatus (3620), Electric, Gas & Sanitary Services (4900)

akta.pro primary industry

Public Power Districts & State/Provincial Utilities (EUADABAD)

akta.pro secondary industries

Power Plant Electrical Systems EPC (Switchyard, Transformers, Protection & Controls) (EUAEAAAM), Pole, Tower & Structure Installation / Replacement (Distribution) (EUAEACAE), Balance-of-Plant (BOP) & Civil Works for Power Plants (EUAEAAAL), Hydroelectric Turbines & Governors (IMAHAFAD), Testing, Inspection, Certification & Commissioning (TICx) Technical Services (BPAHAIAL)

Keywords

• Electricity distribution services
• Power transmission services
• Electric power generation
• Smart meter technology
• Grid maintenance services

Headquarters

HQ city

Caracas

HQ country

Venezuela

HQ region

Latin America

Offices22 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Infrastructure, Operations, Personnel, Technology or R&D

Revenue model

1. Electricity Distribution and Sales: CORPOELEC generates, transmits, and distributes electricity throughout Venezuela, billing residential, commercial, and industrial users for electrical consumption. Revenue is generated through regulated electricity tariffs based on consumption measured by meters.

Pricing tiers

Go-to-market motion1 record

Distribution channels5 records

Marketing channels9 records

Core offering

SENECA is the Nueva Esparta regional operation of CORPOELEC, Venezuela's state-owned national electrical corporation. It provides electricity generation, transmission, distribution, metering, billing, maintenance, and customer service for residential, commercial, and industrial users through physical service centers, online payments, and VenApp.

Product overview

CORPOELEC operates as Venezuela's national electricity corporation, providing integrated electricity generation, transmission, and distribution services across all 23 states including Nueva Esparta. The company offers a unified platform combining physical infrastructure services with digital tools, including smart metering technology, online payment platforms, and the VenApp mobile application for citizen engagement. Core operations are supported by a nationwide network of 243-261 Customer Service Centers (CIAU), while specialized equipment like the T32 fault detection system enables rapid service response. The product portfolio centers on electricity distribution as the primary offering, complemented by customer-facing digital services and maintenance operations.

Differentiator

Problem solved

Functional benefit

Products and services

• Electricity Distribution Service

Quantifiable outcome

• 80%+ load recovery achieved after major substation attacks through temporary measures
• +5 more outcomes

Named customers7 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Four partnerships are on record, tiered core and minor.

• IMPSA (Industrias Metalúrgicas y Plásticas)coreStrategic or Co-development Partner · 12 August 2026IMPSA is collaborating with CORPOELEC to complete the Tocoma Hydroelectric Central (Central Hidroeléctrica Tocoma). President Delcy Rodríguez led the signing ceremony at Palacio de Miraflores for this strategic hydroelectric project that will enhance Venezuela's power generation capacity.
• FUNDELEC (Fundación para el Desarrollo del Servicio Eléctrico)coreStrategic or Co-development PartnerCORPOELEC and FUNDELEC are evaluating a photovoltaic energy project for Táchira state. They also conduct joint community awareness campaigns on energy saving in areas like San Félix.
• Alcaldía del municipio AutanaminorStrategic or Co-development PartnerCORPOELEC works in coordination with the municipal government of Autana for corrective and preventive actions on electrical infrastructure in Amazonas state.
• Ministerio del Poder Popular para las Relaciones Interiores, Justicia y PazminorStrategic or Co-development PartnerCORPOELEC participates in the Preventive Front with various institutions to conduct community education campaigns on energy efficiency and the impact of the 'Súper Niño' phenomenon in Monagas.

Scale indicators15 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Edesur: Argentine electricity distribution concessionaire serving southern Buenos Aires. Directly comparable to CORPOELEC's distribution and customer-service model, with similar regulatory and tariff dynamics in a LatAm context.
• Eletrobras: Brazil's dominant state-influenced electric power group operating generation, transmission, and distribution. Comparable as a large Latin American utility with national footprint and a mix of generation technologies including hydroelectric.
• Edenor: Argentina's largest electricity distribution utility serving the Buenos Aires metropolitan area. Comparable to CORPOELEC's distribution mandate and large residential customer base in a similarly challenged Latin American macro environment.
• Comisión Federal de Electricidad (CFE): Mexico's state-owned national electric utility, vertically integrated across generation, transmission, and distribution. Closely comparable to CORPOELEC in scope, monopoly position, and government ownership structure.

Emerging players

• Celsia: Colombian electric utility with generation, transmission, and distribution across LatAm. Comparable through its renewable-generation focus and integrated utility model, though smaller in absolute scale than CORPOELEC's national reach.

Broad incumbents

• Iberdrola: Global integrated utility with significant renewables and T&D footprint in Latin America (including Mexico and Brazil). Comparable on integrated generation/transmission/distribution and digital customer engagement, though as a private-sector multinational rather than a state monopoly.
• Duke Energy: Large US-based regulated electric utility with integrated generation, transmission, and distribution and significant grid modernization programs. Comparable on T&D asset scale, smart metering deployment, and customer-service transformation initiatives.
• ISA (Interconexión Eléctrica): Colombian multi-LatAm energy transmission operator with diversified operations across the region. Comparable to CORPOELEC's high-voltage transmission mandate, though focused on transmission rather than full vertical integration.
• Pacific Gas & Electric (PG&E): Vertically integrated US investor-owned utility operating large transmission and distribution infrastructure. Relevant peer on grid resilience challenges, substation security, and end-to-end customer service operations akin to CIAU.
• ENEL Distribución Perú: Subsidiary of Enel focused on electricity distribution in Lima, Peru. Comparable to CORPOELEC's urban-centric distribution and customer service center operations within a Latin American regulatory environment.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• YouTubeyoutube.com/@corpoelecinfo
• Facebookfacebook.com/Corpoelecinfo/?locale=es_LA
• Instagraminstagram.com/corpoelecinfo/?hl=es
• LinkedInlinkedin.com/company/sistema-el-ctrico-del-estado-nueva-esparta-seneca-

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Sistema Eléctrico del Estado Nueva Esparta (SENECA)