December 22, 2017 / 2:16 AM / a year ago

Chile's AES Gener sells four plants for $300 million

SANTIAGO (Reuters) - Chilean electricity generator AES Gener SA said on Thursday it would sell four of its plants for $300 million to Generadora Metropolitana, a company owned by affiliates of Andes Mining & Energy Corporate SA and EDF Energy Plc.

AES Gener said the sale would boost earnings by $65 million and that the funds would go toward strengthening the company’s capital structure. The Renca, Nueva Renca, Los Vientos and Santa Lidia plants have a combined generating capacity of 750 megawatts.

The announcement comes as the company struggles with construction and financing issues at its Alto Maipo hydroelectric project near Santiago.

Reporting by Felipe Iturrieta; Writing by Luc Cohen; Editing by Lisa Shumaker

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below