MPC Wins Two Asian Power Awards

Hong Kong — October 5, 2006

Meiya Power Company Limited (MPC) has recently won two awards in the 2006 Asian Power Awards organized by Charlton Media Group. The awards program aims to recognize the industry players in Asia for their outstanding performances and contributions to the power sector. The two awards received by MPC are: Independent Power Producer of the Year and Best Power Plant Upgrade in Asia for the Jingyuan II Project.

Accepting the awards at the presentation ceremony, Mr. Colin Tam, Chairman and CEO of MPC said, "A vital key to MPC's success is our overriding commitment to provide sustainable and reliable energy solutions to the communities we serve. With a lot of hard work in this process, we have become a partner of choice to all our stakeholders that see us through the numerous economic and regulatory cycles in the industry."

The Charlton Media Group (www.charltonmedia.com) is one of the leading international publishers in the region. The awards process was based on nominations from industry and final judging was done by a panel of experts. There were altogether 25 awards in different categories, with winners from major utilities and market leaders in the power industry.

MPC was established in 1995. It is currently invested in 16 power projects in China, Korea and Taiwan with a total attributable generating capacity of 3,355 MW. MPC is a leading independent power producer in North Asia with extensive experience in the development, financing and operation of power plants. It focuses on a strategy of fuel and geographical diversification and cost effective management. The company is committed to the region and has distinguished itself through its sustained and profitable growth. Its shareholders are: BTU Power Company II, AIF Energy Limited and Asia Energy Investment Holding Ltd.

 

Mr. Colin Tam, Chairman and CEO and Dr. Alan Chan, President of MPC receiving the awards at the ceremony.