The both parties signed a memorandum of understanding pursuant to the execution of the projects.
AES is developing a model for the distribution and deployment of CNG and other alternative fuels and plans to utilize conventional funds as well as private and public incentives including tax credits for developing the projects.
Infrastructure Developments CEO Thomas R. Morgan said the company is excited about this new partnership which allows it to expand its operations into US markets
"Implementing new ‘green’ concepts is extremely important to us. Working with AES represents a unique opportunity to be on the forefront of CNG expansion." Morgan said.
AES president Webster Hanchey said the company’s modeling and systems development in the alternative fuels sector in the CNG market is the right fit for Infrastructure Developments
"Their knowledge and expertise, outstanding public reputation and insightful guidance will assure both companies’ continued success in providing solutions to the public and private transportation sectors, protecting our environment, and increasing U.S. energy security." Hanchey added.
