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.

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