Driven by the tremendous economic growth, Myanmar is experiencing a rapid growth of demand for electricity. To support the ongoing development needs, VPower Group International Holdings Limited (VPower Group) is pleased to support the country with stable and reliable power supply by building its 4th distributed power plant in Myanmar.
On Nov 24, accompanied by senior government officials and our management, His Excellency U Win Khaing, Union Minister for Ministry of Electricity and Energy (MoEE) of Myanmar conducted a site visit and inspected our power plant. The power plant is expected to commence commercial operation by February 2019. Mr. Rorce Au-Yeung, Co-Chief Executive Officer of the Group was honored to receive the guests and said, “Myanmar is a fast-developing country along the Belt and Road Initiative of China. Leveraging our expertise in distributed power generation, we are committed to supporting its growth by supplying dependable power and creating new job opportunities.”
The installed capacity of the power plant will be 109.7MW. It is the Group’s first distributed power plant to incorporate the Organic Rankine Cycle (ORC) technology, which can increase the power output efficiency of the gas engine generator set by converting residual heat to electricity without addition fuel consumption. It is expected to commence commercial operation in February 2019.
Environmental protection is an important part of sustainable development. We are pleased to announce that VPower Group International Holdings Limited (VPower Group) received “BOCHK Corporate Environmental Leadership Award – Belt and Road Environmental Leadership Recognition Award” from the Federation of Hong Kong Industries and Bank of China (Hong Kong) on May 31, 2018 in recognition of our achievements in environmental protection and outstanding contributions to improve the environment in countries and regions along the Belt and Road Initiative.
Mr. Ambrose Lee, Chief Strategy Officer and Head of Capital Markets/Corporate Finance of VPower Group gladly said, “We are committed to providingreliable andstable electricity to our customers with distributed power solutions of high efficiency and low emission. Countries along the Belt and Road Initiative, such as Myanmar and Indonesia, have been our key operating countries.It is our great honor to receive the recognition from the Federation of Hong Kong Industries and Bank of China (Hong Kong)for our efforts in promoting environmental protection in these countries.”
“The global power market is experiencing a major transition and becoming more dynamic as more emphasis is placed on low-carbon, energy efficient and distributed power generation. In response to the demand for more eco-friendly power generation, we will continue to improve our work by enhancing the energy efficiency of our power solutions and introducingmore environmentally-friendly solutions such as combined heat and power system and biogas-fueled power generation system etc.”
BOCHK Corporate Environmental Leadership Awards
To promote environmental practices among the manufacturing and services enterprises in Hong Kong and the Pan Pearl River Delta (PRD) region and reduce pollution in these areas, the Federation of Hong Kong Industries (FHKI) joins hands with Bank of China (Hong Kong) (BOCHK) to organise the BOCHK Corporate Environmental Leadership Awards Programme. In support of the national Belt and Road Initiative, the Awards have set up the Belt and Road Environmental Leadership Recognition Award to recognise the outstanding performance of the enterprises implementing environmental protection measures in the related areas […]