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Australia

CLP to sell 111MW Australian project

AUSTRALIA: CLP Holdings Ltd, a Hong Kong-listed electricity supplier, is to sell its 111MW Waterloo wind farm in southern Australia.

TRUenergy, the subsidiary of CLP in Australia, has employed ANZ Banking Group to arrange for selling the Waterloo Wind Farm, with estimated top price of A$300 million. Waterloo Wind Farm has 37 wind turbines.

When Roaring 40s, a joint venture of TRUenergy and Hydro Tasmania, was closed last year, TRUenergy obtained all the stock equities of Waterloo Wind Farm.

CLP has two wholly-funded wind farms, 49.5MW and 48MW respectively, operating in China.

In March 2010, it purchased 32% of CGN (China Guangdong Nuclear) Wind Energy Limited, and has minority interests of some Chinese wind farms. In 2011, 20 of the 22 wind farms that CLP holds a stake went into operation in China.

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