KPOWER

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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

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”).

 

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Announcement Info

Company Name KPOWER BERHAD
Stock Name KPOWER
Date Announced 11 May 2022
Category General Announcement for PLC
Reference Number GA1-11052022-00023