AES Wins Bid for Two Gas-Fired Power Stations in Australia Totalling 966 MW.ARLINGTON, Va.--(BUSINESS WIRE)--March 29, 1999--The AES Corporation AES Corporation AES (NYSE) is a Fortune 1000 company that generates and distributes electrical power. It was founded on January 28, 1981 by Roger Sant from the US Federal Energy Administration and Dennis Bakke from the Office of Management and Budget. (NYSE NYSE See: New York Stock Exchange :AES) announced today that its subsidiary, AES Transpower Holding Pty. Ltd., has won a bid to acquire the assets oon remains subject to the transfer of various ay all the plants' output. The arrangements are CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of AES, stated, "We are pleased to increase our involvement in Australia and more generally, in the Asia Pacific region. This business compliments our existing geneam Electric Plant, a 610 MW facility burning oilVM, to build, own and operate a 190 MW gas-fired combined cycle A combined cycle is characteristic of a power producing engine or plant that employs more than one thermodynamic cycle. Heat engines are only able to use a portion of the energy their fuel generates (usually less than 50%). The remaining heat from combustion is generally wasted. power plant in eastern Hungary. The AES Corporation is a leading global power company that currently owns or has an interest in ninety four power facilities, totoration is dedicated to providing safe, clean, low-cost electricity worldwide in a socially responsible way. For more general information visit our web site at www.aesc.com or contact investor relations Investor relations The process by which the corporation communicates with its investors. at investing@aesc.com. The list aes-pr-announce is an automated mailing list and can be found on the investing page of our web site. Those who subscribe to this list will receive updates when AES issues a press release. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion