NIAS ISLAND, Indonesia, May 4, 2015 (Antara/PRNewswire) -- The latest signing calls for a cooperative relationship between VPower and the Nias government to pursue reliable, clean power, and lines up with their objective to the sustainable development and promotion of tourism on Nias Island.
The MoU lays the ground work for power solutions that leverage liquefied natural gas with a potential term of up to 25 years. The power project will be a first for VPower on this largest island off Sumatra.
Nias is among the least developed and pristine regions in the province of North Sumatra. It is also an emerging world-famous surfers' destination. Improving grid stability for the population of 750,000 in a sustainable manner will underpin the healthy economic development of the area.
VPower currently has power projects in Jambi, Pekanbaru and Kalimantan. This will mark the company's largest investment yet in meeting the power needs of Indonesia. The country currently has one of the world's largest demands for distributed power.
The MoU is signed between VPower Group and the Association of Indonesian Regency Government. Head of Nias Regional House of Representatives and local representatives of the Indonesian State Electricity Company PLN were also present.
"VPower has the proven technology to meet Indonesia's immediate power demands, and we'll continue to identify power solution strategies that address their power needs in way that's responsible to the environment too," said VPower Co-CEO Rorce Au-Yeung.
VPower has been delivering adaptable medium term power solutions to developing areas in the South East Asia and around the world. This power project underlines the company's long standing commitment to deliver viable power solutions to promote the growth of economies. VPower plans to have over 1000MW installed within Indonesia by the end of 2017.
About VPower Group
VPower is one of the leaders in the short to medium term power generation industry and the largest high speed generator-set system integrator & distributor in China. VPower focuses on bringing reliable power solutions fast and cost-effectively to rapidly developing areas in an environmentally sound manner. VPower is headquartered in Hong Kong and employs over 800 employees globally.
www.vpower.com
Lisa Chan
+852-3610-7867
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