English | 简体中文 | 繁體中文 | 한국어 | 日本語
Monday, 24 February 2020, 09:05 HKT/SGT
Share:
VPower Group Signs New Contract Aggregating a Total Installed Capacity of Close to 100MW in Sri Lanka

HONG KONG, Feb 24, 2020 - (ACN Newswire) - Hong Kong listed VPower Group International Holdings Limited (VPower Group), a leading DPG station owner and operator in Asia, announced today (24 February) that the Group has entered into a power purchase agreement for two power projects with an aggregate planned installed capacity of 38.8MW in Sri Lanka recently. Together with the 54.9MW installed capacity of the renewed projects, VPower Group's total installed capacity in the country will reach close to 100MW.

"We entered into the power market in Sri Lanka in April 2019 with our fast-track distributed power solutions to alleviate local power shortage. This is our second success in a year's time which not only highlights our capability and expertise in the power industry, but also underscores the advantages of distributed power generation. We will continue to strive to support local people's desire for more reliable and stable electricity." said Mr. Earnest Cheung, Chief Commercial Officer of VPower Group. It is expected the power stations will commence commercial operation by the end of March 2020.

According to Asian Development Bank, Sri Lanka is entering into a new stage of development and, within a few years, will be ready to reach upper-middle-income status. Supported by the growing gross domestic product and improving living standard of the local people, it is expected that the electricity demand in Sri Lanka will continue to increase.



Topic: Press release summary
Source:

Sectors: Energy, Alternative Energy, Oil & Gas
https://www.acnnewswire.com
From the Asia Corporate News Network


Copyright © 2021 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.

 

Latest Press Releases
Pacific Green Confirms Its Intent to Acquire Tupa Energy Limited Owned Sheaf Energy Limited, a 249 MW Battery Energy Storage Development in the UK  
Sept 28, 2021 21:00 HKT/SGT
Tianyun International Awarded the Titles of "'Thirteenth Five-Year' Excellent Entity in Technological Innovation of National Light Industry" and "'Thirteenth Five-Year' Excellent Individual in Technological Innovation of National Light Industry" by China National Light Industry Council  
Sept 28, 2021 19:50 HKT/SGT
Fujitsu Introduces AI technology Enabling Highly Accurate Prediction of Vessel Collision Risks on Complex Maritime Routes  
Sept 28, 2021 18:06 HKT/SGT
Creepgame Marketplace Revolutionizes the e-Gaming Industry  
Sept 28, 2021 17:00 HKT/SGT
HK IPOs set to hit annual record in 2021, KPMG forecasts  
Sept 28, 2021 16:04 HKT/SGT
Showa Denko Concludes Long-Term Contract to Supply SiC Epitaxial Wafers for Toshiba Electronic Devices & Storage Corporation  
Sept 28, 2021 14:00 HKT/SGT
AEON Credit 1H2021 Net Profit Up by 13.1% to HK$172.3 Million   
Sept 28, 2021 13:25 HKT/SGT
Fujitsu and KDDI Leverage 5G Technologies in Partnership to Solve Social Issues  
Sept 28, 2021 12:58 HKT/SGT
Global New Material, leading the new materials industry, answers in its interim report after 19-day price rally  
Sept 28, 2021 11:00 HKT/SGT
Eisai Initiates Rolling Submission to the U.S. FDA for Biologics License Application of Lecanemab (BAN2401) for Early Alzheimer's Disease Under the Accelerated Approval Pathway  
Sept 28, 2021 10:37 HKT/SGT
More Press release >>
 Events:
More events >>
Copyright © 2021 ACN Newswire - Asia Corporate News Network
Home | About us | Services | Partners | Events | Login | Contact us | Cookies Policy | Privacy Policy | Disclaimer | Terms of Use | RSS
US: +1 214 890 4418 | Beijing: +86 400 879 3881 | Hong Kong: +852 8192 4922 | Singapore: +65 6549 7068 | Tokyo: +81 3 6859 8575