AES of the US has decided to sell Edelap and Edes, power distribution companies, to a consortium of a Venezuelan-owned group and Alejandro Ivanissevich, an Argentine businessman, El Cronista newspaper reports.

The report added that Ivanissevich is now looking to dispose of Edelap to either power distributor Edenor or directly to energy company Pampa Energia, which controls Edenor.

According to sources close to Ivanissevich, the businessman wishes to only keep Edes because of its ambitions to develop renewable energy protects similar to ones being developed by Emgasud.

Ivanissevich is president of Emgasud, an Argentine energy company.

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