Alcogal advised AES Colón Holdings, a subsidiary of AES Corporation, in the sale of a 20% stake in the AES Colón project to Grupo Linda, for USD 190 million.
The AES Colón project, which includes a 381 MW combined cycle plant and an LNG regasification terminal, is critical to Panama’s clean energy supply. Grupo Linda seeks to diversify its energy portfolio with this strategic investment in clean energy infrastructure.
The transaction, which closed in December 2023, was led by partner Rita de la Guardia, with the support of associate Rafael Amar. AES Colón Holdings, a leader in natural gas energy infrastructure in Panama, is focused on optimizing its operations in key markets. Meanwhile, Grupo Linda, a conglomerate in sectors such as manufacturing and agribusiness, is strengthening its investment strategy in sustainable energy.
