Qatari firm to acquire entire stake of AES in RLPC

26 April 2010

The Qatar Electricity and Water Co said it has entered into an agreement to acquire the AES Corp's entire stake in Ras Laffan Power Co, the Peninsula has reported. QEWC will buy AES's 55% interest in the Ras Laffan Power Co (RLPC) and its 70% interest in the AES Ras Laffan Operating Co (RLOC), which provides operation and maintenance services to RLPC. The deal, when completed will result in an increase in QEWC's interests in RLPC and RLOC to 80% and 100% respectively.

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