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AES China Hydropower Investement Co to acquire 49% interest in Jianghe Rural joint venture

16 June 2010

AES China Hydropower is acquiring the interest from the China Water Affairs Group for RMB333.2 million (USD48.8 million).

Jianghe Rural includes six small hydro projects with a total capacity of 241 MW located in China's Yunnan and Fujian provinces. Acquisition of 35% ownership was completed on June 3, 2010 and the transfer of the remaining 14% ownership, which is subject to approval by the Chinese government, is expected to occur by the end of 2010.
 

AES China currently operates a 25 MW Cili hydroelectric power plant in Hunan province, and the Jianghe Rural small hydropower projects will increase its aggregate hydroelectric operating capacity to approximately 266 MW.
 

 

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Distribution & Supply  •  Public Sector & Policy

 

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