AES to sell Vietnamese coal-fired plant by early 2022 – Daily Energy Insider

AES to sell Vietnamese coal-fired plant by early 2022
Published on January 06, 2021 by Chris Galford
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On the final day of 2020, the AES Corporation reached an agreement with a consortium to sell its entire equity interest in the 1,242 MW Mong Duong 2 coal-fired power plant in Vietnam.
The deal, expected to close either late this year or early 2022, requires sign-off from both the Vietnamese government and the minority partners involved in Mong Duong 2 but appears likely. While AES had been involved in Mong Duong since its construction in 2015, it attributes its sudden extrication as part of a global move to invest in renewables and liquefied natural gas (LNG) infrastructure.

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