Small hydropower owner, developer and operator China Hydroelectric Corporation has announced that James Tie Li has resigned as president of the company.
The company said in a statement that its board has accepted Li’s resignation and that it was not for reasons related “to actions recently taken by certain shareholders of the company.” China Hydroelectric did not specify what these actions might have been.
Li had been the corporation’s president since 2011, having previously served as China Hydroelectric’s chief financial officer and executive vice president.
China Hydroelectric has offices in Beijing and New York City.
HydroWorld.com reported in February that the company had entered into an equity purchase agreement with the Fujian Dachuang Group to sell its 16-MW Yuanping project.
The company now says it operates 548 MW of total installed capacity across 26 hydropower plants in China’s Zhejiang, Fujian, Yunnan and Sichuan provinces.
HydroWorld.com reported in September 2011 that China shows a strong potential for small hydropower development.