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AES joins Mexico's Bal in $2,5 billion power venture

Tuesday, August 11, 2015

A new partnership between U.S.-based power company AES Corp and Mexico's Grupo Bal launched on Monday will invest up to $2.5 billion over the next five years mostly in Mexico's newly opened power sector, a top AES executive said.

The 50/50 joint venture with Grupo Bal aims to direct about three-quarters of the five-year investment plan to electricity generation from both conventional and renewable sources.

Source: Reuters