AES China Expands Hydropower Portfolio

20 June 2010 (Last Updated June 20th, 2010 18:30)

AES China Hydropower Investment has acquired a 49% stake in Jianghe Rural Electricity Development to boost its hydropower portfolio. Jianghe Rural includes six small hydro projects with a total capacity of 241MW and is located in China's Yunnan and Fujian provinces. AES C

AES China Hydropower Investment has acquired a 49% stake in Jianghe Rural Electricity Development to boost its hydropower portfolio.

Jianghe Rural includes six small hydro projects with a total capacity of 241MW and is located in China's Yunnan and Fujian provinces.

AES China completed the acquisition of 35% ownership earlier this month. Transfer of the remaining 14% is subject to approval by the Chinese Government and is expected to occur by the end of 2010.

Jianghe Rural - a joint venture between China Water Affairs Group and the China Water Investment Group - develops, constructs, and operates small-to-medium hydro projects in the country.

Jianghe's small hydropower projects are expected to increase AES's aggregate hydroelectric operating capacity to about 266MW.