VPower, CNTIC form JV to operate Myanmar emergency power plants

Hong Kong-listed VPower Group has set up a 50-50 joint venture with a Chinese state firm to develop three power plants in Myanmar as part of the government’s bid to stop power cuts this year. VPower, which enjoys close links with investment bank CITIC, and state-owned China National Technical Import & Export Corporation (CNTIC) will […]

Chinese State Firm, HK’s VPower to Implement Three Electricity Projects in Myanmar

YANGON—Amid the government’s efforts to avoid power shortages across the country, a Hong Kong company has announced that its joint venture with Chinese state-owned CNTIC will invest in three power plant projects in Myanmar with a total capacity of 900 megawatts (MW) and an estimated value of over US$800 million (1.2 trillion kyats). Hong Kong-listed […]

Rolls-Royce, VPower Expand Collaboration

Rolls-Royce and VPower Group have signed a new deal for the supply of MTU gas-fired power generation equipment. It is the largest single order ever for MTU gas gen-sets, Rolls-Royce said. According to the final agreement recently inked in Hong Kong, China, Rolls-Royce will supply more than 200 MTU Series 4000 natural gas gensets with […]

The rush job: Myanmar’s ‘impossible’ emergency power tender

A consortium in the running for a tender aimed at avoiding power shortages next hot season seems unfazed by the tight deadlines and viability concerns that deterred many foreign bidders. It’s being called the “impossible” tender – and it’s worth upwards of a billion dollars. In late June, the Ministry of Electricity and Energy’s Electric […]

Vpower Group International Holdings Ltd Enters Power Purchase Agreement In Myanmar

VPower Group International Holdings Limited announced that the company and Electric Power Generation Enterprise, Ministry of Electricity and Energy of the Government of Myanmar entered into the power purchase agreement for the purchase of electricity and power generation of a 90MW gas engine power plant in Myingyan, Myanmar. The term of the agreement is for […]

Rolls-Royce, China’s VPower Expand Cooperation

Subscribe to our tender alert mailing list As part of its cooperation with China’s VPower, MTU Onsite Energy will provide 96 16V 4000 L32 gas generator sets with a total power output of 144 MW to a power station in Myingyan, Myanmar. That follows the delivery of 32 natural gas gen-sets with a total output […]

VPower signs two power agreements with MOEP

Subscribe to our tender alert mailing list THE VPower Group signed two power agreements with the state-owned Myanma Electric Power Enterprise on 11 March in Nay Pyi Taw. The company won the two power generation projects in October 2015. One is the extension of a gas plant in the Kyaukpru Special Economic Zone, and the […]

VPower Begins Delivering Power to National Grid

Hong Kong-based power solutions provider VPower said it has kicked off its latest gas-fired power plant near the special economic zone of Kyaukphyu. VPower Group entered into an agreement with the state-owned Myanmar Electric Power Enterprise (MEPE) in January to build and operate a fleet of gas-fired power plants in Rakhine state. The interim plant […]

Power Generation: low tariff no guarantee in Kyaukphyu tender

A Hong Kong company has bid the lowest price in a tender to win the rights to build a gas-fired generating station, but that does not guarantee it will win, according to officials. A total of four bids from private firms are being evaluated to generate electricity for the Kyaukphyu SEZ in Rakhine State, and […]