Pacific Hydro was acquired by the State Power Investment Corporation (SPIC) in January 2016, after obtaining approval from the Australian Government’s Foreign Investment Review Board (FIRB) and participating in a highly competitive international sale process.
SPIC is one of the top five power generation groups in China, with US$154 Billion total assets and a total installed capacity that exceeds 131 GW. SPIC operates in the generation, coal, aluminium, logistics, finance, environmental protection, and high technology industries. SPIC has a presence in 36 countries and regions abroad, including Australia, Chile, Malta, Japan, Brazil, Turkey and Vietnam.
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