Edison Baldwin December 18, 2020
The AES Corporation [NYSE: AES] price surged by 3.31 percent to reach at $0.86. The company report on January 4, 2021 that AES Agrees to Sell Mong Duong 2 Coal-Fired Plant in Vietnam.
The AES Corporation (NYSE: AES) signed an agreement on December 31, 2020 to sell its entire equity interest in the 1,242 MW Mong Duong 2 coal-fired power plant in Vietnam to a consortium led by a US-based investor. This transaction is expected to close in late 2021 or early 2022, subject to customary approvals, including from the Government of Vietnam and the minority partners in Mong Duong 2.
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US energy giant to pull out of northern coal-fired power plant
By Dat Nguyen January 7, 2021 | 06:22 am GMT+7
Mong Duong 2 coal-fired power plant in Quang Ninh, northern Vietnam. Photo courtesy of AES Corporation.
U.S. energy company AES will sell its entire stake in a coal-fired power plant in northern Vietnam to a consortium led by a U.S.-based investor.
It said in a statement it would sell its 51 percent stake in the 1,242-megawatt Mong Duong 2 power plant in Quang Ninh Province.
The transaction is expected to go through in late 2021 or early 2022, subject to customary approvals. 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, Andrés Gluski, AES president and CEO, said.
AES to sell Vietnamese coal-fired plant by early 2022
Published on January 06, 2021 by Chris Galford
© Shutterstock
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.