The AES Corp. has announced an agreement to sell 100 percent of its equity interest in the 295-megawatt Itabo power plant in San Cristobal, Dominican Republic, to Grupo Linda, a Dominican-based conglomerate.
AES has owned and operated the Itabo facility, which includes a 260-megawatt coal-fired plant, and a 35-megawatt gas turbine, for more than two decades. Grupo Linda has co-owned AES Dominicana, AES’ generation and natural gas business in the Dominican Republic, with AES since 2014.
“The sale of Itabo will enable us to continue to decarbonize our portfolio, while simultaneously strengthening our relationship with Grupo Linda and reinforcing our commitment to strategic partnerships in the region,” said Andrés Gluski, AES president and CEO. “By selling this facility, AES is better positioned to identify, develop and invest in innovative and sustainable energy solutions that will help to further transform the Dominican Republic’s energy matrix.”
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