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Malaysia's reNIKOLA seeks up to $438 mln for renewable energy projects

Malaysia's reNIKOLA seeks up to $438 mln for renewable energy projects
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Pimpinan Ehsan enters second supplemental agreement, announces regularisation plan

KUALA LUMPUR: Main Market-listed Pimpinan Ehsan Bhd (PEB) has entered into a second supplemental and restated share sale agreement (supplemental SSA II) with B.Grimm Power (Malaysia) Sdn Bhd, reNIKOLA Sdn Bhd, Boumhidi Adel and Tengku Zaiton Sultan Abu Bakar on the proposed acquisition of reNIKOLA Holdings Sdn Bhd and its subsidiaries. ....

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Malaysia's reNIKOLA targets 1GW peak solar capacity by 2025


KUALA LUMPUR (March 11): Malaysian solar company reNIKOLA Sdn Bhd aims to reach 1GW peak generation by 2025 by adding capacity and through acquisitions, according to managing director Boumhidi Adel.
Our sights are set on projects in Malaysia but we don t discount looking at projects in the ASEAN region in the near future, he said in an interview.
The Kuala Lumpur-based company is also looking at other forms of renewable energy that fit its investment criteria and environmental, social, and corporate governance philosophy.
reNIKOLA is in the process of being bought by a local cash shell firm, Pimpinan Ehsan Bhd, which will turn Pimpinan Ehsan into the nation s only listed pure renewable energy firm, according to the company s official statement. ....

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