6 November 2009-- AES Corp signed an agreement to raise $1.58 billion of new equity and sell 125.5 million shares of company stock to China Investment Corp. for a 15 percent interest in AES. The Virginia-based company also signed a letter of intent to raise an additional $571 million of equity for an approximate 35 percent interest in its wind generation business in China.

The stock purchase agreement is subject to regulatory reviews and approvals expected to be complete by 2010.

AES owns and operates power generation and distribution businesses in 29 countries.

CIC is a long-term institutional investor operated on a commercial basis. Following the closing, CIC will nominate a director to join the AES board, which currently has ten members.
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