SOURCE: Industrial Info Resources

Industrial Info Resources

August 07, 2012 06:30 ET

AES Takes Hit From Outages, Lower Prices in South America in Second-Quarter 2012, but Expects Projects to Prosper, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - Aug 7, 2012) - Researched by Industrial Info Resources (Sugar Land, Texas) -- Thermal and renewable energy provider AES Corporation (NYSE:AES) (Arlington, Virginia) saw weakened results in the second quarter of 2012, as a decline in plant availability in Chile and lower prices in Brazil negatively affected earnings. Net income for the quarter was reported to be $140 million, a 19.54% decrease from second-quarter 2011. Industrial Info is tracking more than $9.5 billion in active projects involving AES, including two major coal-fired unit additions in Chile: a $500 million addition at the Puchuncavi Campiche Coal-Fired Power Station in Santiago, and a $235 million addition at the Central Termoelectrica Guacolda in Huasco.

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