Press Releases Archives - Page 9 of 13 - VPower Group Fast Track Distributed Power Generation

Establishment of Tamar VPower Energy Fund I with CITIC Pacific for “One-Belt-One-Road” Energy Investment Opportunities

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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 that the Group is going to partner with CITIC Pacific Limited (“CITIC Pacific”), a wholly owned subsidiary of CITIC Limited (stock code: 267.HK), to establish an investment fund – Tamar VPower Energy Fund I (the “Fund”).

The Fund, with an initial capital of USD 160 million to be equally contributed by the Group and CITIC Pacific, will seek long-term capital appreciation by way of investments in companies or operating projects in the energy

VPower Group’s First Investment of DPG Project in Latin America Commenced Official Operation

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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