1. AES, Grupo Bal to Invest up to $2.5 Billion in Mexico Energy Sector

    AES, Grupo Bal to Invest up to $2.5 Billion in Mexico Energy Sector

    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 in an interview. AES, which has operations in 18 countries, will operate the power plants that the partnership builds.

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    1. In terms of scale, the idea is to grow our portfolio in the next five years at least by 2 gigawatts with estimated investment of between $2 billion and $2.5 billion.
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