We are a fast-growing owner, operator and developer of small hydroelectric power projects in the People's Republic of China, led by an international management team. We are now the PRC’s largest independent power producer involved with small hydroelectric projects.
Our primary business is to identify, evaluate, acquire, operate, and in some cases, develop and construct hydroelectric project opportunities. After our formation in 2006, we initially concentrated on acquiring and consolidating a diversified portfolio of existing, operating projects from other developers and operators. Later, we continued to acquire operating projects, and also have begun to develop and construct new projects.
Our revenues are derived from the sale of electricity generated by our small hydroelectric projects to China's two main power grids, while our costs relate to the operation of our hydroelectric projects, overhead, and the expenses related to financing the our assets.
We have acquired 22 generating stations and constructed four more. These projects total approximately 548 megawatts of capacity, and are located in four provinces in China: Zhejiang, Fujian, Yunnan and Sichuan.
Subject to the availability of adequate equity and debt financing, we intend to continue our expansion. We believe our experience and capabilities gained in the identification, evaluation, acquisition, development, construction and operation of small hydroelectric power projects in China will enable us to take full advantage of the opportunities present in the PRC's hydroelectric power market.