Meiya Power names Perez CEO, promotes Chea as Pres.

Mr. Manuel Perez Dubuc has been appointed as Meiya Power Company’s new Chief Executive Officer effective 15 June 2009.

He replaces Alan W. Chan who will be retiring from his position as Chief Executive Officer effective June 15, 2009, but will continue to remain as non-executive Chairman of the Board in brief transition.

MPC also promoted Mr. Nigel Chea to President – Greater China and Chief Operating Officer with immediate effect. Mr. Chea has been with MPC for 14 years and has been the Senior Vice President, Asset Management since 2005.

Mr. Perez is a seasoned executive with many years of senior management experience in the power and finance sectors. His last position was with AES where he spent nine years and held various business leadership positions in North Asia and Latin America, including CEO of AES China, Vice-President & Group Manager, AES North Asia, based in Beijing for the past two years.

"I am delighted to have been appointed CEO at a very exciting time in MPC's development, as it continues to expand its presence in Asia. Under Alan’s leadership, MPC has become one of Asia’s leading power companies. MPC will continue to build on its good reputation to achieve even greater success in the future," commented Perez.

"With over a decade of profitable track record, MPC has successfully established its significant presence in Asian markets. It has been an honor to serve MPC for the last 12 years and I am confident that Mr. Perez, along with the current experienced management team, will continue to lead MPC to greater success," said Chan.