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MeneameThree companies are evaluating the purchase of Dominican Republican power distributor AES Este (Ede-Este) from US parent AES (NYSE: AES) and the sale should be wrapped up by year-end, Ede-Este spokesperson Claudia Fernández told BNamericas.
"The only official information is that there are three companies interested in acquiring the interests of AES in Ede-Este," she said, adding that all of the interested parties are US-based companies.
AES owns 50% of the distributor.
Fernández declined to confirm or reject reports from local paper Listin Diario that US company Trust Company of the West (TCW) had begun the buy-out process.
The government owes Ede-Este some 1bn pesos (US$22.9mn), largely due to the accumulation of power subsidies, which is a concept that the government began implementing in March 2003, the paper said. However, the debt also involves other issues, Fernández added.
Ede-Este serves 293,000 customers, covering a 2,612km network and has been operational since August 5, 1999.
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