BEIJING, Aug. 21, 2013 /PRNewswire/-- China Hydroelectric
Corporation (NYSE: CHC, CHCWS) ("China Hydroelectric" or the
"Company"), an owner, developer and operator of small hydroelectric
power projects in the People's Republic
of China ("PRC"), today announced additions to its Board of
Directors and management team.
Mr. Allard Nooy was appointed by
the Company's Board of Directors as an independent non-executive
director effective August 19, 2013.
Mr. Nooy has more than 19 years of experience with major
water-related infrastructure projects in Asia. He most recently served as CEO of Jindal
Water Infrastructure, Ltd. Prior to that, he led multiple renewable
energy projects in China as
President Asia Pacific with U.S. based Covanta Energy, one of the
world's largest waste-to-energy companies. He was also previously
the regional director at Leighton Asia and RWE-Thames Water. Mr.
Nooy completed his MBA and Engineering studies from Amberes
University - PWU, Antwerp, Belgium
and is based in Hong Kong.
Mr. Daniel Chan was appointed as
the Company's Chief Operating Officer in the second quarter of
2013. Mr. Chan brings 32 years of experience in the international
power industry and is a registered professional engineer in
the United States. For the past 16
years, Daniel has been in charge of construction, operations and
maintenance of several hydro power and other power projects in the
PRC with Meiya Power, a leading
independent power producer (IPP) in Asia that was acquired by Guangdong
Nuclear.
"We are pleased to have both Allard and Daniel join the team at
China Hydroelectric," stated Mr. Amit
Gupta, Chairman of China Hydroelectric Corporation. "They
bring a track record of success in large energy infrastructure
projects in the region and demonstrate China Hydroelectric's
commitment to strong corporate governance and internal
controls."
Dr. You-su Lin, Interim CEO of the Company, added, "I am pleased
to welcome Allard and Daniel to China Hydroelectric. They bring a
wealth of operational expertise and will complement our existing
team. In addition, the Company hired May
Pang as General Counsel and Cherry
Pang as its Finance Manager and Secretary to the Board
earlier this year. All these hires are important steps towards
strengthening our core management team with seasoned professionals.
They will be immediate contributors to our efforts at China
Hydroelectric."
About China Hydroelectric Corporation
China Hydroelectric Corporation (NYSE: CHC, CHCWS) ("China
Hydroelectric" or "the Company") is an owner, developer and
operator of small hydroelectric power projects in China. Through its geographically diverse
portfolio of operating assets, the Company generates and sells
electric power to local power grids. The Company's primary business
is to identify, evaluate, acquire, develop, construct and finance
hydroelectric power projects. The Company currently owns 25
operating hydropower stations in China with total installed capacity of 517.8
MW, of which it acquired 21 operating stations and constructed
four. These hydroelectric power projects are located in four
provinces: Zhejiang, Fujian, Yunnan and Sichuan. Hydropower is an important factor in
meeting China's electric power
needs, accounting for approximately 22% of total nation-wide
capacity.
For further information about China Hydroelectric, please visit
the Company's website at http://www.chinahydroelectric.com.
For more information, please contact:
China Hydroelectric
Corporation
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Scott
Powell
Investor Relations
and Corporate Communications
Phone (U.S.):
+1-646-650-1351
Email:
ir@china-hydro.com
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James Hull
Financial
Analyst
Phone (China):
+86-10-6408-2341
Email:
james.hull@chinahydroelectric.com
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ICR, LLC
Gary Dvorchak,
CFA
Senior Vice
President
Phone (China):
+86-10-6583-7500
Phone (U.S.): +1
(310) 954-1123
Email:
gary.dvorchak@icrinc.com
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SOURCE China Hydroelectric Corporation