Press Release Details

AES Announces Commercial Operation of 86 MW Power Plant in Cameroon

Dec 15, 2009
ARLINGTON, Va., Dec 15, 2009 -- The AES Corporation (NYSE: AES) today announced that its majority owned subsidiary, Kribi Power Development Company, has commissioned the 86 MW Dibamba power plant in Cameroon. The Dibamba facility will use heavy fuel oil and will sell power under a 20-year tolling agreement with AES SONEL, Cameroon's integrated utility.

Andrew Vesey, AES Executive Vice President and President for Latin America and Africa said, "The Dibamba project underscores AES' commitment to provide affordable and sustainable power to the Cameroonian people. A strong energy sector is essential to Cameroon's continued economic development and we are pleased with the progress we've made with our local partners to improve power generation and distribution."

AES entered Cameroon in 2001 through the privatization of SONEL, the largest power provider in Cameroon. With the addition of the 86 MW Dibamba facility, AES subsidiaries in Cameroon operate 1,017 MW of installed capacity, the majority of which is hydropower. The Dibamba thermal plant will help diversify the country's fuel portfolio by providing an important source of peaking power.

In 2009, AES brought more than 890 MW on-line in Chile, China, France, Jordan and Northern Ireland using thermal and renewable energy sources. AES also has projects in construction in Bulgaria, Chile, China, France, Greece, Panama, Scotland, Turkey and the United States.

About AES

The AES Corporation (NYSE:AES) is a Fortune 500 global power company with generation and distribution businesses. Through our diverse portfolio of thermal and renewable energy sources, we provide affordable and sustainable energy to 29 countries. Our workforce of 25,000 people is committed to operational excellence and meeting the world's changing power needs. Our 2008 revenues were $16 billion and we own and manage $35 billion in total assets. BusinessWeek named AES into its 2009 "BW 50 Best Performers" list. To learn more, please visit

Safe Harbor Disclosure

This news release contains forward-looking statements within the meaning of the Securities Act of 1933 and of the Securities Exchange Act of 1934. Such forward-looking statements include, but are not limited to, those related to future earnings, growth and financial and operating performance. Forward-looking statements are not intended to be a guarantee of future results, but instead constitute AES' current expectations based on reasonable assumptions. Forecasted financial information is based on certain material assumptions. These assumptions include, but are not limited to, our accurate projections of future interest rates, commodity price and foreign currency pricing, continued normal levels of operating performance and electricity volume at our distribution companies and operational performance at our generation businesses consistent with historical levels, as well as achievements of planned productivity improvements and incremental growth investments at normalized investment levels and rates of return consistent with prior experience.

Actual results could differ materially from those projected in our forward-looking statements due to risks, uncertainties and other factors. Important factors that could affect actual results are discussed in AES' filings with the Securities and Exchange Commission, including, but not limited to, the risks discussed under Item 1A "Risk Factors" in AES' 2008 Annual Report on Form 10-K. Readers are encouraged to read AES' filings to learn more about the risk factors associated with AES's businesses. AES undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

SOURCE: The AES Corporation

The AES Corporation
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