AES Unveils $463M Of Power Plant Deals In Larger Asset Sale

Law360, New York (February 27, 2012, 7:10 PM EST) -- AES Corp. has inked deals to sell two gas-fired power plants and has closed the sale of another for a total of $463 million, continuing its yearlong asset sale as it doubles down on key markets and newer, cleaner-burning projects, the company announced Monday.

The news came the same day AES posted better-than-expected fourth-quarter earnings. CEO Andrés Gluski told investors that the company, which operates in 28 countries, would keep narrowing its geographic focus and shedding noncore assets in markets like China, where it does not...
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