VPower Group International Holdings Limited(“VPower Group” or the “Group”, stock code: 1608), a leading DPG station owner and operator in Southeast Asia, is pleased to announce that, the Group’s first investment of 80 MW heavy fuel oil (“HFO”)-fired DPG project in Peru (the “Project”) has recently commenced commercial operation.
On 16 May 2017, the Group entered into a USD$30 million 3-year convertible loan agreement with F.K. Generators and Equipment Ltd in relation to the Project. The Project runs on 7 units of medium speed HFO power generation system under a 20-year concession period granted by the Peruvian Ministry of