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.