OTHERS KPOWER BERHAD ("KPOWER" OR "THE COMPANY") - NOTIFICATION OF A SUCCESSFUL BIDDER UNDER THE SUSTAINABLE ENERGY DEVELOPMENT AUTHORITY ("SEDA") E-BIDDING MECHANISM IN RELATION TO THE DEVELOPMENT OF SMALL HYDRO POWER PLANTS WITH AN INSTALLED CAPACITY OF 13.10 MEGAWATT ("MW") AND 27.30 MW
| KPOWER BERHAD |
| Type | Announcement |
| Subject | OTHERS |
| Description | KPOWER BERHAD ("KPOWER" OR "THE COMPANY") - NOTIFICATION OF A SUCCESSFUL BIDDER UNDER THE SUSTAINABLE ENERGY DEVELOPMENT AUTHORITY ("SEDA") E-BIDDING MECHANISM IN RELATION TO THE DEVELOPMENT OF SMALL HYDRO POWER PLANTS WITH AN INSTALLED CAPACITY OF 13.10 MEGAWATT ("MW") AND 27.30 MW |
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The Board of Directors of KPower (“Board”) is pleased to announce that Mikrogrid Lestari Sdn Bhd (“MLSB”), a 55%-owned subsidiary of KPower via KPower RE Sdn Bhd, a wholly owned subsidiary of KPower had on 10 May 2022, been selected as one of the successful bidders under the feed-in tariff (“FiT”) e-bidding exercise conducted by SEDA for the development of small hydro power in Malaysia. Under the e-bidding exercise, MLSB shall develop small hydro power plants with a total capacity of 40.4 MW in Gua Musang, Kelantan with a basic FiT rate of RM0.2249 per kilowatt-hour (“Project”).
Please refer to attachment for further details. |
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Please refer attachment below.
Announcement Info
| Company Name | KPOWER BERHAD |
| Stock Name | KPOWER |
| Date Announced | 11 May 2022 |
| Category | General Announcement for PLC |
| Reference Number | GA1-11052022-00023 |