AES sells 50% of shares.

AES Corp. announced the sale of 50% of its shares in the AES EdeEste power distribution company to an entity called Dominican Energy Holdings, LP, reports Diario Libre (Nov. 15, 2004). AES says that the main shareholder of this company is TCW Energy Advisors, LLC, based in California. Under the terms of the sale TCW then contracted AES to handle EdeEste's daily operations. Julian Nebreda, the president of AES Dominicana, said that despite having sold their shares in AES EdeEste, they would continue operating the company and the power generation business. AES is the owner of AES Los Mina, with its capacity to generate 210 megawatts, and AES Andres, which operates with natural gas and has the capacity to produce 304 megawatts. AES also maintains its participation in its subsidiary AES Gener, with a participation of 25% in Itabo that produces 433 megawatts.