AES Corp. says it has signed an agreement to sell its 49% equity interest in the 248 MW China Wind joint venture to Singapore-based Sembcorp Utilities for a total of $86 million.
AES also disclosed that it signed an agreement to sell its 49% equity interest in Jianghe Rural Electrification Development Co. Ltd. (JHRH) to its joint-venture partner, China Three Gorges New Energy Corp., for $48 million. JHRH includes seven small hydroelectric plants, one wind farm and one co-generation plant, for a total gross capacity of 379 MW.
Subject to local customary approvals, the transactions are expected to close in the second half of the year.
