# 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.

- Type: Acquisition
- Announced: 2020-06-30
- Where: San Cristobal, Dominican Republic
- Value: $101.0M
- Status: announced
- Capacity: 295 MW
- Products: electricity
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [AES Corporation](https://endata.com/companies/20282.md)
- [Grupo Linda](https://endata.com/companies/48241.md) (acquirer)

## Sources

- [prnewswire.com](https://www.prnewswire.com/news-releases/aes-announces-sale-of-itabo-generation-facility-in-the-dominican-republic-301085430.html), 2020-06-30: "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."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.