AES completes sale of minority stake in AES Oasis for $150 million
The AES Corporation has completed the sale of approximately 39 percent of its interest in AES Oasis Limited for $150 million to the Islamic Development Bank (IDB) Infrastructure Fund, managed by Emerging Markets Partnership Bahrain.
AES Oasis is a newly created company which owns a 90 percent interest in each of AES Lalpir and AES Pakgen, two oil-fired plants totaling 695 MW in Pakistan and an 85 percent interest in AES Barka, a power generation and water desalination plant in Oman.
AES is a global power company comprised of contract generation, competitive supply, large utilities and growth distribution businesses. The company's generating assets include interests in 116 facilities totaling over 45 gigawatts of capacity, in 27 countries. — (menareport.com)
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