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Feature Story:
AES achieves commercial operation of Mong Duong 2 plant in Vietnam |
Company Confidential
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Earlier this week, AES reported its first quarter 2015 financial results. In the first quarter, we generated Proportional Free Cash Flow of $265 million, which was double our results of a year ago, as a result of the recovery of working capital at a couple of our businesses. We earned $0.25 of Adjusted EPS, which was a $0.01 increase from the first quarter of 2014. We improved operating performance in our US and Andes Strategic Business Units, although we continued to experience headwinds from poor hydrology in Brazil and foreign currency devaluation in Latin America and Europe. During the quarter, our earnings benefited from our previous capital allocation decisions of paying down debt and repurchasing shares.
To learn more, read the full press release here or watch the full, archived webcast here.
AES Communications |
Kristina Johnson inducted into National Inventors Hall of Fame
Kristina Johnson, a member of AES' Board of Directors, was recently inducted into the National Inventors Hall of Fame by the US Patent and Trademark Office. Inductees are US patent holders for an invention that has contributed to the progress of science and the useful arts, as well as the nation's welfare. Dr. Johnson is widely recognized as a pioneer in optoelectronic processing systems, 3D imaging and color management systems. At the University of Colorado (CU) and Duke University, she produced work that has formed the basis for 3D films, rear projection systems for televisions, digital mammograms, faster screening of pap smears for cervical cancer and foundational work that has resulted in near-to-the-eye displays. |
AES achieves commercial operation of Mong Duong 2 plant in Vietnam
We have more than 7,000 MW under construction coming online through 2018. This is the most MWs under construction in our history. By completing our construction projects on time, we can better position AES for the future. This week, we announced the successful commercial operation of 1,240 MW Mong Duong 2 plant in Vietnam six months ahead of schedule. This project serves as the largest private sector power project in Vietnam and the country's first new private sector power plant to be commissioned in the last ten years. "Bringing the 1,240 MW Mong Duong 2 plant on-line six months early is a significant milestone for Vietnam and for AES," said Andrés Gluski, AES President and CEO. "Executing on our 7 GW construction program is the main driver of our cash and earnings growth through 2018. Beyond Mong Duong 2, we see a number of potential opportunities for AES in Vietnam, to help meet their rapidly growing demand for electricity." |
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AES Asia recognized as an Investor in People
The Asia Strategic Business Unit (SBU), located in Manila, Philippines, was awarded Silver status by the Investors in People organization for their people management practices. The Asia SBU ranked in the top 16% of companies recognized within the Philippines and only one of three with Silver status. Investors in People (IiP) is an international organization based in the UK that has partnered with over 60,000 companies world-wide on research-based evidence requirements in people management practices. Investors in People has a total of 196 evidence requirements on best people management practices with the accreditation framework rated as Standard, Bronze, Silver and Gold. |
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US SBU wins national communications award
Laurie Denger, communications specialist at DP&L in the US SBU, and The Current, the US SBU's bi-monthly magazine, are winners of the 2015 Communicator Awards of Distinction. Presented annually by the International Academy of Visual Arts, the Communicator Awards are the leading international awards program recognizing excellence in marketing and communications. The program receives more than 6,000 entries from companies and agencies annually, making it one of the largest awards programs of its kind in the world. |
AES Panama is moving at the Speed of Light
AES Panama participated in SPARK15: Speed of Light, led by Andrés Gluski, AES President and CEO, Bernerd Da Santos, AES COO and SVP, and Manuel Perez Dubuc, MCAC SBU President. The session, held at various locations in Panama, reviewed our global results for 2014, our priorities and opportunities for 2015 and strategies we need to implement to move quickly to achieve our business objectives and goals. The interactive session prompted a lot of questions and discussion focused on how AES Panama can innovatively tackle challenges, meet expectations and plan for the future. |
AES meets with Jordan's King Abdullah II
AES, along with executives from the transportation, tourism, real-estate and insurance industries, met with King Abdullah II to discuss how public and private partnerships could boost the economy. AES Jordan, part of the Europe SBU, presented its current projects and future opportunities to improve the electricity sector as well as potential projects to meet the increasing demand for water. During the meeting at Al Husseiniya Palace, King Abdulla II stressed the importance of benefiting from the advantages that the Kingdom enjoys "as an oasis of stability" and to build on them. |
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Yelena Urcia receives risk management award
One of our values is to Strive for Excellence. Yelena Urcia, part of the Global Insurance function, was recently recognized for demonstrating this value by the Risk and Insurance Management Society (RIMS), who honored Yelena with their Rising Star Award. The award was presented at the RIMS 2015 Annual Conference in New Orleans. In its inaugural year, the Rising Star Award honors up-and-coming risk management professionals under the age of 35 or who have seven or less years of professional experience in the industry for demonstrating exceptional initiative, volunteerism, professional development, achievement and leadership potential. |
Peter Bil is Always On for Safety
Peter Bil is the Quality, Health, Safety and Environment Support Manager at AES Elsta, in the Netherlands, part of the Europe SBU. Peter is involved with many of the safety initiatives at this AES location. Peter is committed to the EHS program and his leadership is taking AES Elsta to the next level. He has been part of the effort and execution of concrete actions to build a world-class safety culture at AES Elsta. And the work has paid off as AES Elsta reached ten years without an LTI in October 2013. Additionally, AES Elsta recently received the British Safety Council Merit Award and the Royal Society for the Prevention of Accidents (RoSPA) Award. Also, AES Elsta was also one of the finalists for the 2014 AES Golden Hard Hat Award. |
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Company confidential. Do not distribute outside AES. © Copyright AES Corporation 2015
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