AEI

George Town, Grand Cayman Cayman Islands

  (NYSE: AEI)

Company Description

AEI has set its sights on empowering the developing world. The company has power assets in Asia, Central America and the Caribbean, and South America, and is developing power plants (with a total of 2,236 MW) in Argentina, Chile, China, Guatemala, and Peru. Investment firm Ashmore Group controls AEI, which filed an IPO in 2009 and then withdrew its plan to go public in 2011. It subsequently announced plans to sell 80% of its assets (10 operating companies engaged in regulated power and natural gas activities), to nine separate entities, for about $4.8 billion, and focus on power generation.