China Hydroelectric Corp. (CHC) Signs Agreement to Purchase Hydroelectric Capacity
China Hydroelectric Corp. reported that it will pay $61.3 million for a total of 55.4 gross megawatts (MW) of installed hydroelectric generating capacity. The acquired capacity is located in Fujian province in China, and is distributed among five different plants. The names of the purchased plants, generation capacity and the percent that China Hydroelectric Corporation will own after closing is as follows: Jinwei – 16 MW – 74% Jintang – 11.6 MW – 74% Jinlong – 10 MW – 55% Qianling – 13 MW – 100% Donguan – 4.8 MW – 100% China Hydroelectric Corp. said that the acquisition agreement…