een beeld te krijgen van de geschiedenis van Aqualectra
Distribution is een aantal jaartallen op een rijtje
American Consul, Leonard B. Smith, obtains the right
to generate and distribute electric energy in the
the first time, light is burning on Curaçao.
sells the power station to Maduro & Sons.
company is sold to N.I.G.M. (Nederlands Indische
name N.I.G.M. is changed into O.G.E.M. (Overzeese
Gas en Elektriciteit Maatschappij).
of the corporation K.A.E. (Kompania di Awa i Elektrisidat)
of the corporation K.P.D.A.E. (Kompania di Produkshon
i Distribushon di Awa i Elektrisidat).
Territory of Curaçao takes over the production
and distribution company for electricity from O.G.E.M
of drinking water, which until then fell under the
responsibility of D.W.D. (Dienst Waterdistributie)
of the Island Territory of Curaçao, is completely
integrated into KODELA.
of K.A.E. and KODELA are integrated into Integrated
Utility Holding (I.U.H.).
K.A.E. and KODELA continue under one name: Aqualectra,
Aqualectra Production and Aqualectra Distribution.
In the meantime, a third operating company has been
created. Aqualectra Multi Utility. The Management
Board of Aqualectra is responsible for the policy
management of all the operating companies
The electricity supply on our island is directly related
to the history of Aqualectra. In 1893, the then American
Consul, Leonard B. Smith, obtained the right to generate
and distribute electric energy in the island. To that
end, he had had a power station built at Plantersrust:
“de Curaçaose Inrichting voor Elektriciteit”
(The Curaçao Establishment for Electricity).
N.I.G.M. to O.G.E.M.
On September 18, 1897, light was burning for the first
time in Curaçao. In 1907, Smith sold the plant
to the firm S.E.L. Maduro & Sons for NAf. 30,000.00.
Maduro & Sons obtained simultaneously the exclusive
right from the Government to produce and distribute
electricity during 25 years. It built a new electricity
plant near Riffort. Partly due to the arrival of Shell
and the social developments as a consequence of this,
consumption increased so much, that it was no longer
possible to cope with the demand. On account of this,
the consumer could only dispose of electricity at night.
The firm Maduro & Sons had for some time been looking
for a buyer for the antiquated power plant. In 1927,
the company was sold to the “Nederlands Indisch
Gas Maatschappij (N.I.G.M.) (Dutch Indies Gas Company).
The purchase price was NAf. 443,000.00; approximately
2½ times the actual value. The N.I.G.M. nevertheless
decided to make the purchase, because it wanted to be
too quick for its competitors. It also took its other
interests in the region into account, notably in Surinam.
At that moment, the plant had a filing system with approximately
7,000 connected consumers. The N.I.G.M. also got a 50-year
monopoly for the production and distribution of electric
energy from the Government.
the name N.I.G.M. was changed into O.G.E.M.: “Overzeese
Gas en Elektriciteit Maatschappij (Oversees Gas and
Electricity Company). O.G.E.M. had a subsidiary, the
“Nederlands Antilliaanse Gas Maatschappij”
(N.A.G.M.) (Dutch Antillean Gas Company), which distributed
gas for household use. After the years of great prosperity
had passed, O.G.E.M. notified the Government in the
second half of the sixties, that it was no longer interested
in prolonging the license. The Government, wanting to
get hold of the utility companies, decided to purchase
In 1975 and 1976, the Executive Council of the Island
Territory of Curaçao (100% stockholder) created
the corporations K.A.E. (Kompania di Awa i Elektrisidat)
and K.P.D.A.E. The creation of these corporations was
necessary in connection with the takeover of the production
and distribution company for electricity in Curaçao
from O.G.E.M. BV by the Island Territory of Curaçao
as at July 1, 1977.
it was meant for K.A.E. to be fully in charge of the
production of water and electricity. It turned out,
however, that, for practical reasons, it could not take
over the diesel power stations of former O.G.E.M. Thus,
part of the production remained under the management
of K.P.D.A.E., the distribution company, on the basis
of an agreement with K.A.E., so in fact the owner of
the diesel power stations.
was, therefore, changed by amendment of the articles
of incorporation into K.P.D.A.E., which means “Kompania
di Produkshon i Distribushon di Awa di Elektrisidat
di Kòrsou”. For the sake of practical manageability,
a call sign was chosen for K.P.D.A.E., namely KODELA.
April 1, 1988, the distribution of drinking water, which
until that date fell under the responsibility of DWD
(“Dienst Waterdistributie”) of the Island
Territory of Curaçao, was completely integrated
into KODELA. This means that since that date KODELA
distributes and supplies not only electricity, but also
water to all parts of the island.
IUH to Aqualectra
In 1988, the Management Board of K.A.E. and KODELA integrated
into Integrated Utility Holding (I.U.H.). From 2001
I.U.H, K.A.E. and KODELA continue under one name: Aqualectra,
Aqualectra Production, and Aqualectra Distribution.
In the meantime, a third operating company has been
created: Aqualectra Multi Utility. The Management Board
of Aqualectra is responsible for the policy and management
of all the operating companies. The Holding Aqualectra
is 100% stockholder of Aqualectra
Production, Aqualectra Distribution and Aqualectra Multi
Utility. The Island Territory of Curaçao owns
the stocks in Aqualectra. The American group of companies
Mirant owns the preferred stocks in Aqualectra. The
StIP (“Stichting Implementatie Privatisering”)
(Foundation for the Implementation of Privatization)
holds the stocks of the Island Territory of Curaçao.