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.

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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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