Untitled Document

16-MW Yuanping hydropower plant in China sold for US$22 million

FUJIAN PROVINCE, China 2/13/12 (PennWell) -- China Hydroelectric Corporation has entered into an equity purchase and sale agreement with the Fujian Dachuang Group to sell its 16-MW Yuanping project.

Under terms of the agreement, China Hydroelectric Corporation (CHC) will sell its the plant in Fujian Province for US$22 million, including the assumption of debt by Fujian Dachuang Group.

CHC is one of the largest owners of small hydro in China, with 564-MW of capacity at 27 projects in four provinces.

The sale of the project is expected to close in early 2012 and will result in a small profit for China Hydroelectric.

Related Articles

David Appleyard

Hydro dam role in water management

The significance of dams in regulating water flows has been highlighted by two recent develo...

China Three Gorges buys majority shares in two Brazilian hydropower projects

Brazilian infrastructure group Triunfo Participacoes e Investimentos S,A. .has agreed to sel...

Pakistan extends bidding for six-unit turbine-generator refurbishment at 1,000-MW Mangla hydro project

Pakistan's Water and Power Development Authority (WAPDA) has extended the deadline for bids ...

Indonesia's PLN signs agreement to develop commercial tidal power plant

State-owned utility PT Perusahaan Listrik Negara (PLN) and British marine and hydrokinetic d...

Recent Comments




Hydro Slideshows

more slideshows >>  

Hydro Whitepapers

Industry News

Editor's Picks

07/01/2015
Volume 34, Issue 6
07/01/2015
Volume 23, Issue 4

Buyers Guide Products