China Hydroelectric Corporation Receives New Tariff Increases for Power Projects in Yunnan and Fujian Provinces
China Hydroelectric Corporation (NYSE: CHC) today announced the Company has received tariff increases at four more of its hydroelectric power projects. These tariff increases are in addition to the recently announced tariff increases for two other power projects in Fujian province.
The Company has received substantial tariff increases for its Dazhaihe hydroelectric power project, one of its ten projects located in Yunnan province. Dazhaihe, acquired in April 2011, has 15 megawatts ("MW") of installed capacity and receives seasonally adjusted tariff rates. The new tariffs for each season represent an effective annual increase of 17% for Dazhaihe.
Furthermore, the Company has received a RMB 0.021 per kilowatt hour tariff increase for the Jinling complex which is located in Fujian Province and consists of three hydroelectric power projects: Dongguan, with 4.8 MW of installed capacity, Qianling, with 10.0 MW of installed capacity, and, Jinjiu, a 3.0 MW project. These three facilities received tariff increases of 7.5%, 8.8% and 7.5%, respectively.
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