AES enters agreement to expand in Ireland

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Arlington-based AES Corp. has entered an agreement to purchase Premier Power Limited (PPL), which owns a 1,246-megawatt natural-gas fired power station in Antrim, Northern Ireland.

Under the agreement, AES will purchase PPL from BG Energy Holdings for £99 million. PPL owns the Ballylumford Power Station, whose output is contracted to Northern Ireland Electricity.

The agreement is subject to regulatory approvals.

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