Jianghe Rural includes six small hydro projects with a total capacity of 241MW located in China's Yunnan and Fujian provinces. Acquisition of 35% ownership was completed on 3 June and the transfer of the remaining 14% ownership, which is subject to approval by the Chinese government, is expected to occur by the end of 2010.
Jianghe Rural develops, constructs, and operates small to medium hydro projects in China. It was founded as a joint venture between China Water Affairs Group, an investor in water supply and treatment services in China, and the China Water Investment Group, a wholly owned subsidiary of the China Three Gorges Corporation that specializes in the development and operation of renewable energy projects in China.
AES China currently operates the 25MW Cili hydroelectric power plant in Hunan province, and the Jianghe Rural small hydro power projects will increase its aggregate hydroelectric operating capacity to approximately 266MW.
