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Petronas Awards POWER Contract for Power Generation Project

Beijing, October 8, 2017 —POWER (Short for Power Petroleum International Co., Limited) pleased to announce that our company recently received the Letter of Award from Petronas for the project of “Provision of Engineering, Supply, Installation and Commissioning of Power Generation for Third River Water Intake Facilities”. The total amount of the project is over 3 million USD.Seasoned EPCC engineers, management and internationalized organization of our company enables us to deliver a satisfactory and successful outcome to Petronas. We look forward to working with Petronas to conduct the project to proof our EPCC capabilities. Thus we believe that we would win more opportunities from Petronas in EPCC fields.The project tendering information is published in June of 2017 and a large number of international and Iraq domestic well-known EPCC engineering companies participated in the bidding. During nearly 4 months intensive bidding process, Power Petroleum International Co., Limited finally stands out among all bidders. This big event is a sign of another milestone for our company to expand its International market.

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