Press Releases Archives - Page 7 of 9 - VPower Group Fast Track Distributed Power Generation

VPower Group Enter Into a USD$30 Million Convertible Loan Agreement With an Israeli-based Power Solutions Provider To Participate in the DPG Project in Peru

10:46 am
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VPower Group International Holdings Limited(“VPower Group”, stock code: 1608), a leading private gas-fired engine-based DPG station owner and operator in Southeast Asia, is pleased to announce that, the Group has entered into a USD$30 million 3-year convertible loan agreement with F.K. Generators and Equipment Ltd (“F.K.”) to participate in the 80 megawatt heavy fuel oil (“HFO”)-fired distributed power generation (“DPG”) project (the “Project”). The Project is expected to be in commercial operation in the fourth quarter of 2017.

Under the terms of the option deed associated with the loan, the loan is guaranteed by F.K. and secured by key

VPower Group Enters into Memorandum of Understanding with CITIC Pacific to Co-invest Gas-fired Power Stations in Southeast Asia through Joint Venture

11:19 pm
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VPower Group International Holdings Limited (“VPower Group”, SEHK: 1608), one of the leading gas-fired engine-based DPG station investors and operators in Southeast Asia, is pleased to announce that the Group has entered into a memorandum of understanding with CITIC Pacific Limited, a subsidiary of CITIC Limited (stock code: 267), (collectively “CITIC”), to explore the acquisition opportunities on the clean and renewable power generation projects in Southeast Asia, meanwhile jointly invest and develop certain gas-fired power stations in South East Asia through establishing a joint venture company.

Mr. Rorce AU YEUNG, Co-Chief Executive Officer of VPower Group, said, “CITIC Pacific