PETALING JAYA: Kumpulan Powernet Bhd
(KPower) has bagged a RM354mil contract to build five mini hydropower plants with a total capacity of 32.47MW in Perak.
In a statement to Bursa Malaysia yesterday, the company said it received the letter of award from Kangsar Hidro Sdn Bhd to undertake the preliminary study, design, supply, construction, commissioning and completion of the hydropower plants.
Kangsar Hidro is a joint venture entity between Yayasan Perak, a state agency and Kangsar Capital Sdn Bhd, a wholly owned subsidiary of OHP Ventures Sdn Bhd, which was established to undertake the development of the project. Currently, Yayasan Perak and Kangsar Capital own 15% and 85% equity interest in the Kangsar Hidro respectively.
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