Press Releases Archives - Page 5 of 16 - VPower Group Fast Track Distributed Power Generation

23.2MW Power Station in Myanmar Commences Commercial Operation to Support Local Electricity Demand

12:11 pm
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Kyun Chaung
The newly developed power station located in Kyun Chaung, Pakokku Township, Magway Region, Myanmar commenced commercial operation.

VPower Group International Holdings Limited (“VPower Group” or the “Group”, stock code: 1608.HK)has entered into a power purchase agreement with Electric Power Generation Enterprise, Ministry of Electricity and Energy of the Government of Myanmar for a power generation project (the “Kyun Chaung Project”) after receiving the confirmation on winning the project tender in October 2019. The power station with an installed capacity of 23.2MW which is located in Kyun Chaung, Pakokku Township, Magway Region, Myanmar commenced commercial operation on 3 June 2020.

VPower Group Announces 2019 Annual Results *** Net Profit Increases by 33% to HK$283.6 Million Targets to Reach 1,900MW Installed Capacity of Project Portfolio by 2020

2:32 pm
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VPower Group International Holdings Limited (“VPower Group” or the “Group”, stock code: 1608.HK), a leading DPG station owner and operator in Southeast Asia, is pleased to announce its annual results for the year ended 31 December 2019. Despite the challenges in global business environment in 2019, the Group’s business and operations were proven to be resilient and the Group managed to record a satisfactory revenue growth of 15.4% to HK$ 2,794.0 million. The gross profit grew by 4.3% to HK$737.2 million with a gross profit margin of 26.4%; while EBITDA rose by 37.3% to HK$853.2 million and net profit increased