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AES Acquires Two 230 MW Petroleum Coke-Fired Power Plants In Mexico

The plants, Termoelectrica del Golfo (TEG) and Termoelectrica del PeSoles (TEP), are absolutely contracted facilities that supply power to 2 main Mexican industrial companies, CEMEX and PeSoles, respectively, under 20-year agreements in accordance with Mexican self-supply rules. Both plants also secure petroleum coke from CEMEX beneath 20-yr contracts. Constructed in 2004, the services utilize CFB technology, providing a cleaner approach to burn petroleum coke in comparison with another applied sciences. Petroleum coke is a by-product of petroleum refining and offers competitive gas value advantages relative to natural gasoline, the main gas for energy generation in Mexico.

“These property fit effectively with AES given our experience in operating CFB plants and skills at structuring complex worldwide transactions,” stated David Gee, President of AES’s North America area.

AES helped pioneer CFB technology within the US in the early nineteen nineties. Immediately, it owns and operates five CFB plants in North America and one in Asia, all of which give world-class reliability to their customers.

AES named Pete Convery as Plant Supervisor of TEG and TEP. Convery, who has been with AES since 1993, has 10 years experience managing CFB facilities, together with AES Shady Level in Oklahoma and AES Warrior Run in Maryland. He will handle plant operations and might be supported initially by an interim on-site crew of CFB know-how experts assembled from different AES plants.

“Mexico has very excessive per capita revenue and is experiencing steady economic growth. The acquisition of these two plants permits AES to broaden our strong platform in Mexico,” stated Mark Woodruff, AES Vice President of North America Growth.

AES has operated in Mexico since 2000, when petroleum products nec necklace it accomplished building of the country’s first impartial energy plant: AES Merida III, a 484 MW natural fuel and diesel-fired energy plant.

In addition to TEG and TEP, AES’s CFB facilities include AES Hawaii, AES Puerto Rico, AES Shady Level in Oklahoma, AES Thames in Connecticut, AES Warrior Run in Maryland and Aixi in China. AES additionally operates one petroleum coke-fired energy plant, AES Deepwater, in Texas.

About petroleum products nec necklace AES
AES is among the world’s largest international power firms, with 2005 revenues of $11 billion. With operations in 26 nations on 5 continents, AES’s technology and distribution services have the capability to serve one hundred million folks worldwide. Our 14 regulated utilities amassed 2005 annual gross sales of over eighty two,000 GWh and our 123 technology facilities have the capability to generate greater than 44,000 megawatts. Our world workforce of 30,000 folks is dedicated to operational excellence and assembly the world’s rising power needs. To be taught extra about AES, please visit www.aes.com or contact AES media relations at media@aes.com.

Safe Harbor Disclosure
acetylene gas tankThis information release comprises ahead-wanting statements within the that means of the Securities Act of 1933 and of the Securities Change Act of 1934. Such ahead-looking statements include, but aren’t restricted to, those related to future earnings, growth and financial and operating efficiency. Ahead-looking statements will not be meant to be a assure of future outcomes, however instead constitute AES’s current expectations primarily based on affordable assumptions. Forecasted monetary information is based on sure material assumptions. These assumptions embrace, but are usually not restricted to, continued normal levels of working efficiency and electricity demand at our distribution corporations and operational efficiency at our contract era businesses in keeping with historical levels, in addition to achievements of planned productiveness improvements and incremental development investments at normalized investment levels and charges of return in line with prior expertise. Actual results could differ materially from those projected in our forward-wanting statements resulting from risks, uncertainties and different elements. Vital elements that could have an effect on actual results are discussed in AES’s filings with the Securities and Exchange Fee, including, but not limited to, the risks mentioned under Item 1A “Threat Factors” in AES’s 2005 Annual Report on Type 10-Okay. Buyers and other involved parties are inspired to learn AES’s filings to be taught extra about the risk components associated with AES’s enterprise. AES undertakes no obligation to replace or revise any ahead-looking statements, whether consequently of latest information, future events or otherwise.

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