“The management and employees of China Hydroelectric Corporation would like to congratulate John D. Kuhns, our Chairman and Chief Executive Officer, on the release of China Fortunes, his exciting new novel. China Fortunes is available at Amazon.com and booksellers worldwide.” 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. In the PRC, small hydro is defined as a project under 50
megawatts of capacity. Our goal is to become 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 seventeen generating stations and constructed four more. These projects total approximately 493 megawatts of capacity, and are located in four provinces in China: Zhejiang, Fujian, Yunnan and Sichuan. In addition, we are engaged in the development of a 1,000 megawatt pumped storage hydroelectric project in Henan province. This project is an example of a project under development, or a project that lacks one or more permits and has not begun construction. 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. |
