China Power Investment Corp. will add 16 new hydropower projects along the Jialingjiang River, according to plans announced by the company.
The highest concentration of hydropower plants will be based in southwest Shaanxi Province, while other hydro projects will be located in Gansu and Sichuan Provinces and Chongqing Municipality, wire services reported.
It will cost CPIC RMB 2.8 billion (US$409.96 million) to build the plants, which will have a combined installed capacity of 273 megawatts, reports indicate.
One plant is under construction, and three more will be finished next year. The remaining 12 plants will be competed by 2020.
In other news, China Hydroelectric Corporation, a consolidator, developer and operator of small hydro projects, has signed definitive agreements to acquire a portion of the previously announced Minrui hydro projects in Yunnan Province.
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