China Yangtze Power is to acquire the 10.2GW Wudongde and 16GW Baihetan hydropower stations on the Yangtze River, according to a Shanghai Stock Exchange notice.
The company said it is to buy Three Gorges Jinshajiang Yunchuan Hydropower for $12 billion, giving it ownership of the two projects. The acquisition will expand its total installed capacity by 57% from 45.6 million kW to 71.8 million kW.
The deal was originally revealed back in December 2021, Reuters reported, but the consideration for the acquisition was only announced in the latest stock exchange filing by China Yangtze Power.
Wudongde began full operations back in June 2021 and features 12 Francis-type turbines, each having a capacity of 850MW. Baihetan has a total of 16 turbines, each with a capacity of 1GW. It generated its first power in June 2021 and is scheduled to be fully operational this month.
