China Hydroelectric Corporation (NYSE: CHC) China Hydroelectric is a fast-growing consolidator, operator and developer of hydropower plants in China, led by an international management team. Formed in July 2006 to acquire existing small hydroelectric assets in China and aim to become the PRC’s largest independent small hydroelectric power producer. China Hydroelectric's primary business is to identify and evaluate acquisition opportunities and acquire, operate and, in some cases, complete construction of small hydropower plants in China. Revenues to date have derived from the sale of electricity generated by our small hydroelectric power plants to local power grids, while our costs of operations relate to the operation of our hydropower plants, as well as the cost of financing our acquisition of these hydropower plants and necessary capital contributions.
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