WASHINGTON (dpa-AFX) - Energy company AES Corp. (AES) announced Thursday it
has reached an agreement with Se.ven Global Investments to sell its 51% equity
stake in the Mong Duong 2 coal-fired plant in Vietnam.

Following approvals by the Government of Vietnam and the Ministry of Industry
and Trade, the anticipated close for the transaction is in line with AES' intent
to exit the majority of its coal assets by the end of 2025.

The 1,242 MW plant has been in operation since 2015, delivering power to Hanoi
and northern Vietnam under a 25-year Power Purchase Agreement (PPA) with
state-owned utility Vietnam Electricity (EVN).

Based in Czech Republic, Se.ven is a family-owned company with expertise
developing and operating conventional power plants and mining assets around the
world.



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