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China Hydroelectric Corporation Announces Closing Of Sale Of 16 MW Yuanping Hydroelectric Power Project
China Hydroelectric Corporation announced that it has closed the previously announced sale of 100% of the Yuanping hydroelectric power project, a 16 megawatt (MW) project located in Fujian province, for total consideration of $22.2 million, resulting in $11.3 million net proceeds to the Company after the assumption of debt by Mr. You Lang Fei, the eventual buyer.
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