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AES China Generating Co. Ltd. Dec 01
Standard & Poors, Dec 2001
Abstract
A wholly owned subsidiary of AES Corp., AES China Generating Co. Ltd. (AES Chigen) owns a 25%-70% equity interest in eight electric power generation facilities in mainland China. Spread over six different provinces and the Chongqing municipality, the eight projects range in size from 15MW to 100MW, and are operated mostly by the project joint ventures. AES Chigen's equity interest amounts to an equivalent capacity of 912MW out of an aggregate of 2,855MW. In August 2000, the company completed the sale of its 55% interest in the 63MW oil-fired peaking plant in Wuxi, Jiangsu Province and received US$11.6 million in proceeds. The rating on AES Chigen's notes reflects the following risks: Uncertainty on the final tariff level that will be...
Companies mentioned in this report are: AES China Generating Co. Ltd.,Central Illinois Light Co.,Indianapolis Power & Light Co.,CILCORP Inc.,IPALCO Enterprises Inc.,AES Corp. (The),AES Gener S.A.,C.A. La Electricidad De Caracas ,NewEnergy Inc.,Empresa Distribuidora de Energia Norte S.A. (EDEN),Empresa Distribuidora de Energia Sur S.A. (EDES),AES Ocean Springs Ltd.,AES Sul Distribuidora Gaucha de Energia S.A.
Action: Review
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research Type: Full Analysis
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