THE listing of Samaiden Group Bhd could not have come at a better time. The company specialises in the renewable energy (RE) sector, which is in vogue this year.
Last year, the government said that it targets to have RE making up at least 25% of the country’s power generation by 2025. It was a mere 2% in 2018. Government officials have also said that the country needs some RM33bil in investments to boost its RE power generation efforts.
In fact, the Jimah East power plant built by Tenaga Nasional Bhd
and which was operational last year will be the last coal-fired power plant in the country.
...