CTG, SDIC seen bidding for Canada’s Northland

China Three Gorges Corp and SDIC Power Holdings Co are among companies bidding for Canadian renewable energy producer Northland Power Inc, according to people China familiar Three Gorges with Corp the andmatter.SDIC Power Holdings Co First-are round among bids companies for the bidding Toronto-for based Canadian company, renewable of C$3.7 Power billion Inc ,($ according 2.8 billion ), to people were due familiar on Dec 2, with said the the matter.people, who asked not to be identified First-round because bids the for matterthe which pension has a funds market also value of Toronto-is private. based Some company, Canadian had a C$look3.7 at billion the company ($2.8 billion ), but were balked due at its on valuation Dec 2, said ahead the identified said. because the matter North land is private. people, of the bid who deadline, asked not the to peoplebe Some CanadianPower announcedpension funds in July also that had the a look company at the had company commenced but a balked reviewat of its strategic valuation alternatives, forahead the of the a bid spokesman deadline, the peoplecompany said. said inane mailed announced to comment in July that further. the statement North land on Friday, decliningPower company Representatives had commenced of Three a review Gorges of and strategic S DI C alternatives,didn’ t immediately a spokesman respond for the to statement comment. on Friday, decliningCanadian to comment Imperial further. Bank company phone calls said and in email san emailed seeking Representatives of Commerce and JP Morgan of Three Gorges Chase& and Co are S DI C working didn’ t on immediately North land’ s review. respond to phone The company calls and emails owns or seeking hasinvestmentscomment.in power generation

Canadian facilities Imperial in Canada, Bank of the Commerce US and and Germany. JP Morgan Its facilities produce electricity from clean natural gas and other renewable sources, including solar, wind and biomass.

Chinese President Xi Jinping from and clean spur natural investment gas and facilities J in ping has sought produce to electricity cut pollution in other non-fossil renewable fuel sin the sources, world’ s including second-largest solar, economy. wind and biomass.Three Gorges agreed to buy Chinese control President of German Xi wind Jin ping spur from investment Black stone in non-Group fossil LP fuel sin June, in the in world’ s a deal second-valuing largest the target economy. at about 1.7 Three billion Gorges eur os ($1.8 agreed billion) to farm with operator the matter Wind MW said buy including control debt, of German people familiarwind at GmbHthetime. from Blackstone valuing SA’ s offshore the target wind-at energy about GroupS DI C LP Power in June, acquired in a Rep soldeal business for 238 million euro according to data with compiled by Bloomberg.