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Article: AES Begins Full Commercial Operation of 1,200 MW Power Plant in Spain.
- Article from:
- Business Wire
- Article date:
- December 5, 2006
CopyrightCOPYRIGHT 2006 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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ARLINGTON, Va. -- The AES Corporation (NYSE:AES) today announced the start of full commercial operation of AES Cartagena, the company's first power plant in Spain. The 1,200 MW combined cycle gas turbine (CCGT) plant is located on Spain's southeastern coast and has the capacity to generate enough energy to power approximately 300,000 homes in the country. AES Cartagena buys gas from and sells power to GDF International (GDFI), a subsidiary of Gaz de France, under a 21-year energy agreement.
The $920 million project is the largest non-recourse financed power investment in Spain. AES owns 71% of the Cartagena project. AES's partners in the project include Gaz de ...