The AES Corp. has agreed to sell its entire equity interest in the 1.242-gigawatt Mong Duong 2 coal-fired power plant in Vietnam to a consortium led by a U.S.-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.
“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,” said Andres Gluski, president and CEO of AES. “In line with our global strategy to invest in renewables and LNG infrastructure, in Vietnam we continue to make good progress on the development of the 450 TBTU Son My LNG terminal with