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China Hydroelectric acquires Xiaopengzu hydropower project

China Hydroelectric Corporation, owner, developer and operator of small hydropower projects in China, announced that it has completed the previously-announced acquisition of 100 percent of the Xiaopengzu hydro project.

The Xiaopengzu hydro project, located in Yunnan Province, has a capacity of 44 MW.

The equity purchase price for the project was US$35 million (RMB 240 million) with a debt assumption of $22 million (RMB 150 million). China Hydroelectric is in the process of refinancing the existing bank debt and expects to receive an additional $13 million (RMB 90 million) in non-recourse bank debt from the Bank of China Fujian Branch.

China Hydroelectric Corporation recently completed the acquisition of the Minrui small hydroelectric projects totaling 55.5 MW of installed capacity in Yunnan Province of China.

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