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AES sells 50% equity interest in power project in Turkey

15 Oct 2014
The AES Corporation has agreed to sell 49.62% equity interest in AES Entek – a joint venture in Turkey.

The sale represents 100% of AES’ interest in Turkey, consisting of 364 MW of operating natural gas and hydroelectric facilities and a coal-fired development project.

The transaction is expected to close by early 2015, and will make Turkey the ninth country that AES has exited and sold its assets in three years.