Aes corp enters agreement to sell its entire equity interest

Agreement to sell its entire equity interest in 1,740 mw opgc 1&2 coal-fired power plants in odisha, india to adani power limited.through sale, aes' generation in mwh from coal will be reduced to 35% of total generation, from 45%.aes owns a 49% equity interest in opgc 1&2 and government of state of odisha owns remaining 51%.reaffirming its 2020 adjusted eps guidance and parent free cash flow expectation.sees expectation for average annual growth of 7% to 9% in adjusted eps and parent free cash flow through 2022.fy2020 earnings per share view $1.38 -- refinitiv ibes data.
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