July 4, 2008

AES Expands Wind Power Operations in China

AES, a power generation and distribution company, has announced a substantial increase in its China-based wind power operations through two new agreements with Guohua Energy Investment, a wind power developer in China.

AES has acquired 49% of the Guohua Hulunbeier Wind Farm, which began commercial operation in September 2007 in Inner Mongolia, China. The wind farm currently produces 49.5MW of wind generated power. This acquisition is AES's second wind power project with Guohua.

AES also reached a separate agreement with Guohua to proceed with construction of phase II of its their jointly owned Huanghua wind project in Hebei province, approximately 200 kilometers southeast of Beijing. According to the company, the expansion will add another 49.5MW, doubling the operating capacity of Huanghua to 99MW when construction is completed in 2010.

Tom Kunde, president of AES China, said: "The acquisition of the Hulunbeier Wind Farm and extension of the Huanghua Project are part of AES's continued expansion of its wind power business in China. We see a tremendous opportunity for further growth for AES in China."