Asia Power (Leibo) Hydroelectricity Co., Ltd

Asia Power (Neijiang) Hydroelectricity Co., Ltd

Asia Power (Neijiang) Hydroelectricity Co., Ltd ("Neijiang") was incorporated in Neijiang City, Sichuan Province, China in February 1998 with a registered capital of USD5m. The company was then a wholly-owned subsidiary of Asia Power.

In September 2002, Asia Power disposed of 40% equity interest in Neijiang to Neijiang Xingyuan Electric Power Co., Ltd ("Neijiang Xinyuan"). As a result, the company is now 60% owned by Asia Power and 40% owned by Neijiang Xinyuan.

Neijiang owns and operates a 13.5 MW hydropower station in Zizhong County, Neijiang City, Sichuan Province. The hydropower station was commissioned in January 1991, and it comprises 3 generating units with an installed capacity of 4.5 MW each. Neijiang has invested RMB15m in exchange for a 35% stake in Sichuan Anning River Energy Development Co., Ltd.

Sichuan Anning River Energy Development Co., Ltd

Sichuan Anning River Energy Development Co., Ltd ("Anning River") was incorporated in July 2002 with a registered capital of RMB50m. The company is 35% owned by Neijiang. Asia Power's effective interest in Anning River is 21%.

Anning River has undertaken to build hydropower stations along Anning River. The Sankeshu hydropower station at a total installed capacity of 52 MW (2 generating units at 26 MW each) and has commenced operation in January 2005.

Chongqing Yujiankou Hydroelectricity Co., Ltd

Chongqing Yujiankou, a hydropower plant located in the city of Chongqing,
has a total installed capacity of 60MW. The construction has been completed
and it has commenced operation in October 2004. Asia Power, which made the
acquisition in August 2005, has 31.6% equity interest in Chongqing Yujiankou
through its subsidiary

Asia Power (Yun Xian) Hydroelectricity Co., Ltd

Other business units of development and focus.

Investment Portfolio Power-related Technologies