BEIJING, Sept. 23, 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, today announced that on
September 17, 2013, Mr. Shadron Lee Stastney, a director of the Company,
informed the Company's Board of Directors (the "Board") that he
intended to resign from the Board with immediate effect and not
seek re-election at the Company's upcoming annual general meeting
of shareholders, which is scheduled for October 17, 2013. Mr. Stastney has been a
member of the Board since October
2012, and previously served as a director of the Company
from May 2007 to September
2012. Mr. Stastney is a member of the compensation committee
of the Board. Effective immediately, Mr. Stastney will no
longer serve on the Board and the compensation committee. Mr.
Stastney's decision to resign from the Board is not due to any
disagreement with the Company on any matter relating to the
Company's operations, policies or practices or any other concern
regarding the Company.
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