ASIA POWER CORPORATION LIMITED (Company Registration No: 199701487C)

COMPLETION OF PROPOSED DISPOSAL OF 100% INTEREST IN ASIA HYDRO POWER INVESTMENT PTE LTD

The Board of Directors (the "Board") of Asia Power Corporation Limited (the "Company") refers to the announcement of the Company dated 4 June 2010 in relation to the disposal (the "Disposal") of its 100% interest in its subsidiary, Asia Hydro Power Investment Pte Ltd ("Asia Hydro Power"). Asia Hydro Power's principal business is investment holding, and its only asset is its 53.44% equity interest in Asia Power (Leibo) Hydroelectricity Co Ltd ("Leibo"). The Board is pleased to announce that the completion of the Disposal has taken place on 20 May 2011.

Following the completion of the Disposal, Asia Hydro Power and Leibo have ceased to be subsidiaries of the Company.

By Order of the Board

Tian Aimin

Executive Director and Chief Executive Officer

23 May 2011