Ranhill explores options to revive Tawau RE project
One of Ranhill's project is the power plant in Rugading, Sabah. Notwithstanding a possible impairment, MIDF Research said Ranhill’s underlying earnings forecast remained intact, driven by its existing water operations in Johor and power operations in Sabah.
PETALING JAYA: Ranhill Holdings Bhd 
is said to be exploring alternatives to revive its renewable energy (RE) project in Tawau, Sabah, which it has interest in through 26.7%-owned associate Tawau Green Energy (TGE).
But failing this, it have to make an impairment for that stake in its upcoming fourth quarter financial year 2018 (4Q18), said MIDF Research.
The water infrastructure group paid RM18.7mil for a 26.1% stake in TGE in October 2017. TGE was among the RE projects issued under the fit-in-tariff mechanism that was revoked by the government last year.
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