The International Power Company of Canada was in operation in Georgetown at the turn of the twentieth century. The Demerara Electric Company was established in 1925 when it purchased the assets of IPC. The British Guiana Electricity Company (BGEC) came into being in 1957, and in 1960 it purchased the assets of the Demerara Electric Company. After Independence in May 1966, the BGEC was nationalized and the Guyana Electricity Company (GEC) was established. By 1991, the facilities had deteriorated and the capacity of 253 megawatts of electricity and generated 647 gigawatt-hours of electricity only satisfied half the estimated demand. Blackouts were common.