AES to sell interest in power plants of 2.1 GW in Jordan, UK

Solar power plant. Source: Gamesa Electric

April 26 (Renewables Now) - US electricity distributor AES Corp (NYSE:AES) announced this week agreements to sell its stakes in six power plants in Jordan and the UK, including one solar park under construction, in order to focus on fewer markets and grow in the renewables, energy storage and liquefied natural gas (LNG) segments.

The disposal will fetch USD 211 million (EUR 189.3m) of proceeds.

In Jordan, a total of 683 MW is to be sold to Nebras Power Investment Management BV, a Dutch affiliate of Qatar’s Nebras Power Q.P.S.C,  and Mitsui & Co Ltd (TYO:8031). Pending approval from project lenders, AES will sell its 36% stake in the 381-MW Amman East gas-fired power plant, the 250-MW IPP4 oil-fired power plant, both operational, and the 52-MW AM Solar project, currently under construction.

In the UK, AES will shed its 100% interest in the 708-MW Ballylumford gas-fired power plant, its 99% in the 701-MW Kilroot coal- and oil-fired power plant, and the 10-MW Kilroot energy storage facility. The buyer is Czech energy investor Energeticky a Prumyslovy Holding, as (EPH). The deal is pending regulatory approval by the European Commission.

(USD 1.0 = EUR 0.9)

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