AES Oasis, a joint venture of AES Corp. and IDB Infrastructure Fund today announced that a subsidiary has entered into an agreement to sell AES Oasis' interests in the Barka 456 MW combined cycle gas plant and 91,000 cubic meters per day desalination facility, as well as the associated technical service companies, to ACWA Power International, a Saudi Arabian power and desalination company. The sale agreement culminates a process which began in the second quarter of 2009. The transaction is subject to regulatory approvals and is expected to close during the first half of 2010.

Posted by rjorr at December 27, 2009 7:22 PM