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Asia Power to buy renewable power plants in China

Power plant operator Asia Power Corp. Ltd. plans to buy one to two renewable energy plants in China every year, banking on the country's drive to curb growing pollution, Reuters reported on Friday.
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These plants would either be water or wind powered, Asia Power’s Vice-President Tian Aimin told Reuters in an interview.

Asia Power, founded in 1997, has snapped up stakes in eight plants across China — five hydropower plants and three coal-fired plants — taking its total generating capacity to 738 megawatts.

"Our investment strategy is to acquire power plants that are already running," Tian said, adding that buying and running existing plants rather than building new ones was more profitable.
 
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photo by Sama sama Massa