Form 6-K
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of February 2010
Commission File Number 001-34609
CHINA HYDROELECTRIC CORPORATION
(Exact name of registrant as specified in its charter)
25B, New Poly Plaza, No. 1 North
Chaoyangmen Street
Dongcheng District, Beijing
Peoples Republic of China 100010
Tel: (86-10) 6492-8483
(Address of Principal Executive Offices)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F
or Form 40-F: þ Form 20-F o Form 40-F
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by
Regulation S-T Rule 101(b)(1): o
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by
Regulation S-T Rule 101(b)(7): o
Indicate by check mark whether the registrant by furnishing the information contained in this Form
is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the
Securities Exchange Act of 1934: o Yes þ No
If Yes is marked, indicate below the file number assigned to the registrant in connection with
Rule 12g3-2(b): N/A
CHINA HYDROELECTRIC CORPORATION
FORM 6-K
China Hydroelectric Corporation is furnishing under the cover of Form 6-K the following:
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Press release dated February 16, 2010, titled China Hydroelectric Corporation
Provides Update on Possible Acquisition of 3 Hydroelectric Power Projects in
Yunnan Province |
Signatures
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly
caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
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CHINA HYDROELECTRIC CORPORATION
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By: |
/s/ John Kuhns
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John Kuhns, Chairman and Chief Executive Officer |
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Date: February 16, 2010
Exhibit 99.1
China Hydroelectric Corporation Provides Update on Possible Acquisition of
3 Hydroelectric Power Projects in Yunnan Province
NEW YORK, February 16, 2010 /PRNewswire-Asia-FirstCall/ China Hydroelectric Corporation
(NYSE: CHC, CHC-WS) (China Hydroelectric or the Company), a consolidator, developer and
operator of small hydroelectric power projects in the Peoples Republic of China (PRC), today
announced that it has executed a definitive agreement to acquire a 44 megawatt operating
hydroelectric project in Yunnan province in the Peoples Republic of China. In addition, the
Company announced that it has also entered into memoranda of understandings to acquire two
additional operating hydroelectric power projects aggregating 34 megawatts in Yunnan province.
Together with the definitive agreement, these memoranda present the Company with the opportunity to
acquire an additional 78 megawatts of generating capacity in Yunnan province.
The definitive agreement provides for the Company to acquire the Xiaopengzu project in Yunnan
province for a purchase price of US$57 million (RMB390 million), to be financed partially through
cash on hand and through the assumption or refinancing of existing non-recourse debt. The
acquisition is subject to customary closing conditions, including obtaining governmental approval.
The memoranda of understanding provide the Company with an exclusive right to pursue its due
diligence of two additional operating hydroelectric projects in Yunnan. Subject to the
satisfactory completion of its due diligence review, the Company expects to enter into definitive
agreements to acquire these projects in the near term.
We are pleased to be able to enter into the definitive agreement and the memoranda of
understanding to acquire these three projects in Yunnan, said Chairman & CEO John D. Kuhns of
China Hydroelectric Corporation. Yunnan province, where we already own and operate 43 megawatts
of capacity, presents an excellent opportunity to expand our asset base in China. Our ability to
enter into definitive agreements and MOUs has accelerated as a result of our recently completed
IPO. Completion of these transactions would represent Phase I of our plan to acquire approximately
250 megawatts of operating hydroelectric projects during the first half of 2010.
About China Hydroelectric Corporation
China Hydroelectric Corporation (CHC or the Company) is a consolidator, developer and operator
of small hydroelectric power projects in the Peoples Republic of China. Led by an international
management team, the Companys primary business is to identify and evaluate acquisition and
development opportunities and acquire, and in some cases construct, small hydroelectric power
plants in China. China produces approximately 22% of its total energy from hydroelectric energy.
The Company currently owns twelve operating hydropower projects in China with total installed
capacity of 377 MW. These projects are located in four provinces: Zhejiang, Fujian, Yunnan and
Sichuan. In addition, CHC recently expanded operations through the acquisition, pending government
approval, of development rights to a 1,000 MW pumped storage hydropower plant in Henan.
For further information about China Hydroelectric Corporation, please visit the Companys website
at http://www.chinahydroelectric.com .
Cautionary Note Regarding Forward-looking Statements:
Statements contained herein that address operating results, performance, events or developments
that we expect or anticipate will occur in the future are forward-looking statements. The
forward-looking statements include, among other things, statements relating to our business
strategies and plan of operations, our ability to acquire hydroelectric assets, our capital
expenditure and funding plans, our operations and business prospects, projects under development,
construction or planning and the regulatory environment. The forward-looking statements are based
on our current expectations and involve a number of risks, uncertainties and contingencies, many of
which are beyond our control, which may cause actual results, performance or achievements to differ
materially from those anticipated. Should one or more of these risks or uncertainties materialize,
or should underlying assumptions prove incorrect, actual results may vary materially from those
anticipated, estimated or projected. Among the factors that could cause actual results to
materially differ include: supply and demand changes in the electric markets, changes in
electricity tariffs, hydrological conditions, our relationship with and other conditions affecting
the power grids we service, our production and transmission capabilities, availability of
sufficient and reliable transmission resources, our plans and objectives for future operations and
expansion or consolidation, interest rate and exchange rate changes, the effectiveness of our
cost-control measures, our liquidity and financial condition, environmental laws and changes in
political, economic, legal and social conditions in China, and other factors affecting our
operations that are set forth in our Prospectus dated January 25, 2010 and filed with the
Securities and Exchange Commission (the SEC) and in our future filings with the SEC. Unless
required by law, the Company undertakes no obligation to publicly update or revise any
forward-looking statements, whether as a result of new information, future events or otherwise.
For more information, please contact:
Company:
Mary Fellows, EVP and Secretary
China Hydroelectric Corporation
Phone: +1-860-435-7000
Email: mfellows@chinahydroelectric.com
Investor Relations:
Scott Powell
HC International, Inc.
Phone: +1-917-721-9480
Email: scott.powell@hcinternational.net
SOURCE China Hydroelectric Corporation