# AES agrees to sell Mong Duong 2 coal-fired plant in Vietnam

AES Corp signed an agreement on December 31, 2020, to sell its entire 51% equity interest in the 1,242 MW Mong Duong 2 coal-fired power plant in Quang Ninh province, Vietnam, to a consortium led by a US-based investor. The transaction is expected to close in late 2021 or early 2022.

- Type: Acquisition
- Announced: 2020-12-31
- Where: Quang Ninh province, Vietnam
- Status: announced
- Capacity: 1242 MW
- Products: coal-fired power
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [AES Corporation](https://endata.com/companies/20282.md)
- [POSCO Energy](https://endata.com/companies/51573.md) (partner)
- [Stable Investment Corporation](https://endata.com/companies/52294.md) (partner)

## Sources

- [vietnamtimes.thoidai.com.vn](https://vietnamtimes.thoidai.com.vn/aes-agrees-to-sell-mong-duong-2-coal-fired-plant-in-vietnam-273986-273986.html), 2021-01-05: "We have had a very positive experience in developing, building and owning Mong Duong 2 and Vietnam remains an important growth market for AES, where we look forward to contributing to the country's transition to a more sustainable energy future."

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