Villagers in Huangshui and Hehu in eastern China’s Zhejiang province have decided to take shares in the Huangshui hydroelectric power plant, instead of one-off cash compensation payments, according to the Interfax news agency.
The building of the Huangshui plant will submerge some 40ha of farmland. Such arrangements between developers of plants and villagers is very rare in China.
It is estimated that the villagers could receive dividends worth over US$24,000 each year for disruption caused by the construction of the plant.