AES Corporation ranked in the top quartile for sustainability

October 08, 2014 | 18:09

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The US’ AES Corporation, the largest shareholder in Vietnam-based Mong Duong thermal power plant, was named to the Dow Jones Sustainability Index (“DJSI”) for North America for the first time ever and was ranked in the top quartile for sustainability among all electric utilities assessed by RobecoSAM.

Overview of the Mong Duong 2 BOT Power Plant as of September 2014

The Corporate Sustainability Assessment carried out by RobecoSAM serves as the basis for the construction of the DJSI, and determines companies that are better equipped to identify and respond to emerging opportunities and risks resulting from global sustainability trends. Companies are assessed based on their economic, environmental and social performance.

“AES has a long history of improving lives by providing safe, reliable and sustainable energy solutions, as well as making a lasting difference in the communities we serve,” said Andrés Gluski, AES president and CEO. “I am proud that AES’ efforts have been recognised by DJSI and RobecoSAM, world leaders focused on sustainable investing and tracking those companies that are most concerned about sustainability.”

AES is a Fortune 200 global power company. It provides affordable, sustainable energy to 20 countries through our diverse portfolio of distribution businesses as well as thermal and renewable generation facilities. The firm’s workforce of 17,800 people is committed to operational excellence and meeting the world’s changing power needs. The 2013 revenues were $16 billion and AES owns and manages $40 billion in total assets.

AES is the largest shareholder of the Mong Duong 2 Build-Operate-Transfer (BOT) Power Project – the largest BOT coal-fired power plant in Vietnam, with two units and the total gross capacity of 1,240MW, which is currently under construction in the northern province of Quang Ninh. After completion of construction and commissioning activities in the second half of 2015, the Mong Duong 2 is forecasted to produce over 7.6 billion kWh of electricity annually.

The project is the first investment of AES in Vietnam. AES is currently focused on expanding its investment in the energy sector in the country. Last month, AES signed a memorandum of understanding with the Quang Ninh Provincial People’s Committee as a starting point for the development of a new BOT project with the gross capacity around 1,240MW in the province.

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