Hydro-Québec Sells Stake in Meiya Power

On July 27, 2004, Hydro-Québec International, a wholly-owned subsidiary of Hydro-Québec, completed the sale of its 20 per cent interest in Hong Kong-based Meiya Power Company Ltd., one of the leading independent power producers in China, to a consortium of private-equity investors led by Darby Asia Investors Ltd. for US$84,600,000.

Hydro-Québec International was represented by François Dell’Aniello, managing director, international business development and management of affiliates, and assisted by Joseph Jarjour of Davies Ward Phillips & Vineberg. The purchaser was represented by O’Melveny & Myers in Hong Kong, with a team led by Yi Zhang, and including Larry Yee, Bill Satchell, Larry Sussman, Basil Hwang, Bingna Guo, Liwen Chen, Faith Wang and Jing Cao.

Lawyer(s)

Joseph Jarjour

Firm(s)

Davies Ward Phillips & Vineberg LLP O'Melveny & Myers LLP