Investment in thermal power projects including coal and natural gas with an emphasis on low cost projects.

AES seeks to invest in coal and natural gas power projects in China. Our main emphasis will be to invest projects that employ state of the art environmental controls and are large low cost producers of electricity.

Business	Province	Fuel	Gross MW	AES Equity Invested	Year Acquired or Began Operation
Ajxi	Chongqing	Coal	51	71%	1998
Chengdu	Sichuan	Gas	50	35%	1997
Wuhu	Anhui	Coal	250	25%	1996
Yangcheng	Shanxi	Coal	2100	25%	2001

Contacts:

Robin Qi
robin.qi@aes.com
Tel.: 86 10 5923 4805