May 8, 2020 |
Brazilian power company AES Tietê is looking at 1 GW in possible acquisitions this year, both operating assets and projects under development in wind and solar power, CEO Ítalo Freitas said during a conference call on Thursday.
AES Tietê, a subsidiary of the US power company AES Corp, has just under BRL1.9 billion ($326 million) in cash to pursue acquisitions, including BRL500 million from the sale promissory notes last month. It has set aside BRL414 million to pay debt due in December and BRL22
Brazilian power company says it is eyeing new projects, armed with a $325 mln war chest for M&A