Yes, it is HyperV, i would google: how to hyperv control create VPS. Im not sure what you are exactly asking, "how i need to make control panel", you mean install? there are tutorial on google
HyperV integration with WebsitePanel [windows control panel] is a good option for you to create VPSs through HyperV and manage allows your clients to reboot from the control panel. Sources can be found on google with ease.
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