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Fushi Meiya

Sector: Geothermal • Location: China

Source: World Bank Group

Project
Active

Meiya Power Company (MPC) built a 54 MW hydroelectric plant in Fushi, Guangxi Province. The cost of the project is US$53 million which was financed by RMB bank loans and shareholder loans.

MPC held a 70% share of Fushi Meiya power plant and had an operating role. MPC was jointly owned by PSEG Global Inc (50%), the Asian Infrastructure Fund (30%), and Hydro-Quebec International (20%). In Ju

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The project “Fushi Meiya” is an infrastructure initiative in the Geothermal sector, located in China. Taiyo aggregates data on it from World Bank Group.

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Description

Description

Meiya Power Company (MPC) built a 54 MW hydroelectric plant in Fushi, Guangxi Province. The cost of the project is US$53 million which was financed by RMB bank loans and shareholder loans. MPC held a 70% share of Fushi Meiya power plant and had an operating role. MPC was jointly owned by PSEG Global Inc (50%), the Asian Infrastructure Fund (30%), and Hydro-Quebec International (20%). In July 2004, Darby Asia Investors, Ltd. ("DAI"), acquired Hydro-Quebec's 20% stake for a total cash consideration of US$84.6 million. MPC was an independent power producer developing, owning, and operating thermal and hydro power plants in Asia. The plant began full commercial operations on June 28, 2001. None None

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High

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