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State Power Investment Corporation (SPIC), newly established through the merger of China Power Investment Corporation and State Nuclear Power Technology Corporation, is a large state-owned enterprise under the administration of the Central Government with a registered capital of RMB 45 billion an...

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SPIC Completed the Acquisition of Pacific Hydro in Melbourne
Source£ºWriter£ºDate£º15/03/2016

On January 28, SPIC completed the acquisition of Pacific Hydro in Melbourne, Australia; it embodies that SPIC officially gains control of Pacific Hydro and takes it as the platform for exploring international power business.

The total installed capacity of Pacific Hydro is 915 MW, with a development pipeline of 1,516 MW; its assets are spread across Chile, Australia and Brazil.

In mid-July, 2015, the IFM Australian Infrastructure Fund launched the open bidding for Pacific Hydro. After five months of competitive bidding process, SPIC won the bid in December. On December 17, the two parties signed a Share Sale Agreement for Pacific Hydro in Beijing.

(Picture: SPIC completed acquisition of Pacific Hydro in Melbourne)

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