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Subsequent Events
3 Months Ended
Jun. 30, 2011
SUBSEQUENT EVENTS

17. SUBSEQUENT EVENTS

On July 7, 2011, a subsidiary of the Company completed the acquisition of an additional 10% equity interest in AES-VCM Mong Duong Power Company Limited (“Mong Duong”), a 1,200 MW coal-fired power plant in development in the Quang Ninh province in Vietnam, from Vietnam National Coal-Mineral Industries Group, its minority shareholder. On July 8, 2011, through a subsidiary, the Company sold 30% and 19% equity interests in Mong Duong to PSC Energy Global Co., Ltd. (a wholly owned subsidiary of POSCO Corporation) and Stable Investment Corporation (a wholly owned subsidiary of China Investment Corporation, a related party) respectively, resulting in the Company retaining a 51% indirect equity interest in Mong Duong. The Company is currently evaluating the future impact to the financial statements of these transactions. In addition, on July 8, 2011, Mong Duong entered into a $1.5 billion non-recourse financing arrangement with a consortium of banks to finance the development and construction of the project. There are a number of conditions precedent to closing and there can be no assurance that the financing will close on favorable terms, if at all.