NewsWhore
05-19-2006, 02:10 PM
The AES Corporation announced today that it has restructured its investment in the 432 MW Itabo power plant in the Dominican Republic by acquiring a 25% interest in the facility from the El Paso Corporation for approximately US$25 million. AES's acquisition was wholly financed with non-recourse debt. With this acquisition, AES and its subsidiary AES Gener hold a combined 50 percent interest in the Itabo plant.
AES has held an interest in the Itabo plant since 2000 through its AES Gener subsidiary.
AES is the largest power company operating in the Dominican Republic with investments in power generation and distribution.
Link To Original Article (http://www.dr1.com/index.html#9)
AES has held an interest in the Itabo plant since 2000 through its AES Gener subsidiary.
AES is the largest power company operating in the Dominican Republic with investments in power generation and distribution.
Link To Original Article (http://www.dr1.com/index.html#9)