ARLINGTON, Va. (

TheStreet

) --

AES

(AES) - Get Report

could be getting a new partner as China Investment Corp., the Chinese government's investment arm, is looking to take a minority stake in the developer of power plants.

The talks between CIC, China's sovereign wealth fund with assets of about $300 billion, and AES are wide-ranging, the

Wall Street Journal

reports, citing people familiar with the matter. The talks also could lead to a joint venture in which CIC would contribute capital to AES's plans to develop power plants around the world.

The talks between AES and CIC were described as "sensitive" and may not produce a deal, the newspaper reports.

Spokeswomen for AES and CIC declined to comment for the

Journal

.

CIC and AES are discussing power projects outside the U.S., but any agreement would likely undergo U.S. political scrutiny, the

Journal

notes.

-- Reported by Joseph Woelfel in New York

.

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