China Yangtze Power to buy two hydropower stations for $12 billion

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BEIJING : China Yangtze Power Co Ltd, the world's largest listed hydropower company by capacity, plans to buy two large hydropower stations for a total of 80.5 billion yuan ($12 billion), boosting its capacity by over a half.In a filing to the Shanghai Stock Exchange on Thursday, China Yangtze Power said

BEIJING : China Yangtze Power Co Ltd, the world's largest listed hydropower company by capacity, plans to buy two large hydropower stations for a total of 80.5 billion yuan , boosting its capacity by over a half.

With the deal, China Yangtze Power, which already runs the world's largest power station by capacity, the Three Gorges Dam, will be acquiring the second and fourth-largest hydropower stations in China by capacity. The deal was announced in December, but the value of the transaction, one of the largest in China's hydropower sector in recent years, was only revealed on Thursday.

 

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