Charisma Energy acquires operators of mini-hydro power assets for $2.5 mil

SINGAPORE (Apr 2): Charisma Energy says that its subsidiary Green Power SA is acquiring Saems Capital II BV and Blue Maven Asia Energy for a consideration of $2.46 million from vendor History Maker.

The group will be paying the consideration by way of the issue and allotment of about 490.3 million shares at 0.5 cent each, which will be issued and allotted to History Maker.

Saems Capital II BV and Blue Maven Asia Energy currently holds a total of 12 power purchase agreements to operate 12 mini hydropower plants (MHPP) in South Asia, which key assets are owned by the group.

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