The AES Corporation (AES), on Sunday, announced that it has entered into agreements to sell its entire interests in its Oman and Pakistan businesses for approximately $200 million.
AES has 35% stake in 456 MW Barka combined cycle gase facility and desalination plant in Oman. In addition, AES has 55% stake in two oil-fird facilities - 362 MW Lal Pir and 365 MW Pak Gen.
The global power company revealed following the sale of its interests in Oman and Pakistan, about $276 million of non-recourse debt will be removed from the consolidated balance sheet of the company. The company further noted that the transactions are subject to customary purchase price adjustments and approvals and are expected to close during the first half of 2010.
For comments and feedback contact: editorial@rttnews.com
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.