Press Releases Archives - Page 8 of 13 - VPower Group Fast Track Distributed Power Generation

Receives Letter of Acceptance for a 90MW Power Plant from Myanmar Government

11:37 pm
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VPower Group International Holdings Limited (“VPower Group”, or together with its subsidiaries, the “Group”) is pleased to announce that the Group was issued a Letter of Acceptance by Electric Power Generation Enterprise (“EPGE”), Ministry of Electricity and Energy of the Government of the Republic of the Union of Myanmar (“Myanmar”) which sets out the mutual understandings on key terms for the definitive agreement in respect of the purchase of electricity (90MW) in Myingyan Region, Myanmar by EPGE with a term of 60 months (subject to extension by agreement) (the “Project”) on 7 May 2018. The Group expects to build and

First Acquisition of Tamar VPower Energy Fund I: A Leading Equipment Rental Company in the GCC region

11:34 pm
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VPower Group International Holdings Limited (“VPower Group”, together with its subsidiaries, the “Group”, stock code: 1608.HK) is pleased to announce that, Tamar VPower Energy Fund I (the “Fund”), an equally contributed investment fund by CITIC Pacific Ltd. (“CITIC Pacific”) and VPower Group through their wholly owned subsidiaries, jointly with Itqan Holding Limited (“Itqan”) (collectively the “Parties”), have entered into an agreement to acquire the entire issued share capital of Byrne Equipment Rental LLC (together with its subsidiaries, the “Byrne Group”). The transaction is valued at approximately AED1 billion (equivalent to HKD 2.14 billion).

The Byrne Group includes, amongst others, Byrne