Vepica, an engineering, procurement, construction, and management projects (EPC/EPCM) company, along with Petromanoa, has recently announced today that they have signed a Memorandum of Understanding (MoU) for the creation of the Vepica Energy Fund.
The Vepica Energy Fund will be formed with capital from both partners, and will aim to finding attractive investment opportunities in the energy sector in the Americas.
With the creation of this fund, Vepica and Petromanoa seek to strengthen their presence in the energy market by participating directly in various prospects. This initiative will favor energy sector companies seeking partners and/or investments to expand their operations, and they will be able to register for the Vepica Energy Fund in limited partnership to qualify for benefits.
Miguel Bocco Jr, Chairman of the Board of Vepica, said:
"The fund will play a key role in the growth of our company, extending the value proposition of the business by participating as investors in our projects."
Herman Sifontes T., Chairman of the Board of Petromanoa, commented:
"With this fund, we'll be able to expand our participation in the very important global energy market, combining our efforts and experience with a company as successful as Vepica, and also allow the participation of small investors in the capital of this important sector for the economic development as is the energy area."