AES Agrees to Sell ‘Substantial Majority’ of Chinese Businesses

AES Corp. (AES) has signed two agreements to sell “a substantial majority” of its Chinese businesses for $134 million.

The agreements include selling stakes in a coal-fired power plant and a windpower joint venture to Sembcorp Utilities and the previously announced sale of a stake in a development company to its joint venture partner, China Three Gorges New Energy Corp., the company said in a statemtnt today.

To contact the editor responsible for this story: Tina Davis at

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.