Core Business

Power Generation
Coal-fired Power Plant
Heilongjiang Asiapower Xinbao Heating & Power Co., Ltd

Heilongjiang Asiapower Xinbao Heating & Power Co., Ltd was incorporated in Qiqihar City, Heilongjiang Province, China in May 1998 with a registered capital of RMB116m. After a capital enlargement exercise in February 2002, total registered capital of Xinbao had gone up by RMB10m to RMB126m. Xinbao is now 51% owned by Asia Power Corporation Limited and 49% owned by Qiqihar Xinbao Heating & Power Co., Ltd.

Xinbao operates a coal-fired combined heat-and-power plant in Qiqihar City, Heilongjiang Province. The plant has a total installed capacity of 225 MW, comprising nine generating units at 25 MW each along with eight coal-fired boilers. Among these generating units, Xinbao directly owns unit 1-6 and 9, while unit 7 & 8 are under lease agreements.

Xinbao is the only co-generation power plant in Fularji District, Qiqihar City. It produces both heat and steam in addition to electricity generation. The production of heat and steam is in line with the government's policy of environmental protection in the production of energy. The heat and steam made available to industrial and residential users by Xinbao help to save energy and produce fewer pollutants in Qiqihar City.

Peaking Power Plant
Changzhou Suyuan Electric Power Co., Ltd

Changzhou Suyuan Electric Power Co., Ltd. ("Changzhou Suyuan"), (formerly known as Changzhou Changya Electric Power Co., Ltd) was incorporated in Changzhou City, Jiangsu Province, China in March 1999 with a registered capital of RMB43.125m. The company was then 48% owned by Asia Power and 52% owned by Changzhou Changxin Electric Power Co., Ltd.

With effect from January 2001, the company had gone through a restructuring and capital enlargement exercise whereby total registered capital of Changzhou Suyuan went up to RMB99.36m. The company is now 25% owned by Asia Power, 22% owned by Changzhou Changxin Electric Power Co., Ltd, 18% owned by Jiangsu Electric Power Development Co., Ltd, 18% by Yangzhou Guangyuan Industrial Co., Ltd, and 17% owned by China Huadian Group Co., Ltd.

Changzhou Suyuan owns and operates two peaking power plants in Jiangsu Province. The highly efficient 51 MW combined-cycle peaking power plant is located in Changzhou City. This Changzhou plant has a gas turbine generating set of 36 MW and a steam turbine generating set of 15 MW. This plant started electricity generation in 1996. The other 48 MW diesel engine peaking power plant is located in Yangzhou City. The Yangzhou plant has four diesel engine sets at 12 MW each, and it went into production in 1996.

Changzhou Huayuan Electric Power Co., Ltd

Changzhou Huayuan Electric Power Co., Ltd has a registered capital of RMB66m. Pursuant to the investment agreement, Asia Power has invested RMB16.5m to acquire a 25% interest in this new company. The remaining 75% are invested by Changzhou Changxin Electric Power (22%), Jiangsu Electric Power Development Co., Ltd (18%), Yangzhou Suyuan Group Co., Ltd (18%) and China Huadian Group Co., Ltd (17%).

The 59.6 MW peaking plant, located on the site adjacent to the existing Changzhou plant under Changzhou Suyuan in Changzhou City, Jiangsu Province, comprises a gas turbine generating set of 39.6 MW and a steam turbine set of 20 MW.

The construction of the plant is nearly completed, and both generating sets went into production before the end of 2003.

Hydro Power Plant
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 Xingyuan.

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 three 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 (two 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

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Power-related Technology
JAZ Technology Development (Shenzhen) Co., Ltd

The principle activities of JAZ are in the research, development and manufacture of power automation systems and instruments.

Yang Pu Li Yuan Power Development Co., Ltd

The principle activities of Yang Pu Li Yuan are in the development and investment in electrical energy industry; development and sale of electrical equipment; and investment in information and services relating to the electrical energy industry

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Power Management Consulting & Investment Holding
Asia Power (Shanghai) Management Consulting Co., Ltd

Asia Power (Shanghai) was incorporated as a wholly-owned subsidiary of Asia Power in August 2002 in Shanghai, China.

Asia Power (Shenzhen) Management Consulting Co., Ltd

Asia Power (Shenzhen) was incorporated as a wholly-owned subsidiary of Asia Power in September 2005 in Shenzhen, China.

The principal activities of these companies are to provide power-related business consultation and management services as well as to assist in Asia Power's management of power plants and business development in China.

Investment Holding Company

Great Rich Finance Limited
Asia Hydro Power Investment Pte Ltd
APC Hydro Power (Investment) Pte Ltd
Asia Power Technology Investment Limited
Rich Bvild Investment Limited
Asia Power (Chengdu) Investment Management Co., Ltd
Great Energy Development Limited

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