January 26, 2010 (FinancialWire) — China Hydroelectric Corp. (NYSE: CHC) has priced its initial public offering of six million units at $16.00 per unit, for aggregate gross proceeds of $96 million. Broadband Capital Management LLC served as lead manager and sole bookrunner.

Each unit consists of one American Depository Share priced at $14.80 and one redeemable warrant priced at $1.20. Each ADS represents three ordinary shares and each warrant entitles the holder to purchase three ordinary shares for an exercise price of $15.

In addition, CHC has granted the underwriters a 30-day option to purchase an additional 900,000 units from the company to cover any over-allotments.

Cayman Islands-based China Hydroelectric is a consolidator, operator and developer of small hydropower projects in China. The company currently owns 100% of eleven operating hydropower projects, and has a controlling interest in another operating hydropower project.

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