◂ Announcements

Jun 30, 2020ACQUISITIONSan Cristobal, Dominican Republic

AES sells Itabo power plant in Dominican Republic to Grupo Linda

AES Corporation agreed to sell its 100% equity interest in the 295 MW Itabo power plant in San Cristobal, Dominican Republic to Grupo Linda for net equity proceeds of approximately $101 million. The transaction is expected to close in Q4 2020.

Value

$101.0M

Status

Announced

Capacity

295 MW

Productselectricity

CompaniesAES Corporation Grupo Linda acquirer

Sectors#Power Generation Equipment

“The sale of Itabo will enable us to continue to decarbonize our portfolio, while simultaneously strengthening our relationship with Grupo Linda and reinforcing our commitment to strategic partnerships in the region.”prnewswire.com

1 source
prnewswire.comAES Announces Sale of Itabo Generation Facility in the Dominican RepublicThe AES CorporationJun 30, 2020

Summarized from public sources; check the original articles before acting on it.

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