Construction and engineering solutions player KPower Bhd has been selected as one of the successful bidders under the feed-in tariff (FiT) e-bidding exercise conducted by Sustainable Energy Development Authority (SEDA) for the development of small hydro power plants in Malaysia.
In a bourse filing on Monday (Feb 21), KPower said its wholly-owned subsidiary KPower Engineering Sdn Bhd (KPEng), together with Tellhow International Engineering & Contracting Co Ltd, had on Feb 18 accepted the letter of award from One River Power Sdn Bhd (ORP) to take-over from the previous contractor and complete the EPCC job of the small hydro power plants in Sg Bengkoka Upper, Sg Bengkoka Lower and Sg Togohu in Kota Marudu, totalling a capacity of 29.1 megawatts (MW).
KPower Bhd’s wholly-owned subsidiary, KPower Engineering Sdn Bhd and Tellhow International Engineering & Contracting Co Ltd (Tellhow), have secured a RM70 million works contract from One River Power Sdn Bhd, involving small hydropower plants in Kota Marudu, Sabah
Based on corporate announcements and news flow on Monday (Feb 7), companies that may be in focus on Tuesday (Feb 8) include Serba Dinamik Holdings Bhd, LPI Capital Bhd, Hong Seng Consolidated Bhd, OpenSys (M) Bhd, and KPower Bhd.
Mustakim Mat Nun bought 4.32 million shares, or a 0.8% stake, in the company from his own investment vehicle Grand Deal Vision Sdn Bhd (GDVSB) via direct business transaction.