AES sells its Jordan and UK plants

25 April 2019

AES has signed agreements to sell its interests in six power plants in Jordan and the UK for $211 million, it has announced.

In Jordan, AES is to sell two operating thermal power plants and one under-construction solar power plant with a combined generating capacity of 683 MW to Nebras Power Investment Management and Mitsui and Co. In the UK, it will sell two operating thermal power plants and one under-construction energy storage facility with a combined output of 1419 MW to Energetický a Prumyslový Holding (EPH).

The company said that its decision to sell the assets was “in line with its business strategy” to reduce the number of countries it operates in. AES plans to focus its growth efforts in renewables, energy storage and LNG, CEO Andrés Gluski said.

In Jordan, AES holds a 36 per cent stake in the 381 MW Amman East gas-fired power plant, the 250 MW IPP4 oil-fired power plant and the 52 MW AM solar project. In the UK it owns 100 per cent of the 708 MW Ballylumford gas-fired power plant and its 99 per cent interest in the 701 MW Kilroot coal- and oil-fired power plant, as well as the 10 MW Kilroot energy storage facility.

The transactions are expected to close later in 2019.

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