Ranhill to expand power business in South-East Asia


Growth opportunities: A file picture showing Ranhill’s power plant in Rugading, Sabah. Ranhill is looking into some potential projects in the region, particularly in Myanmar, Thailand and Cambodia.

KUALA LUMPUR: Ranhill Holdings Bhd plans to expand its power business in South-East Asia in a bid to increase its revenue contribution to the group to 50% from the current 30%.

The group also intends to beef up its power plant capacity to 1,000 megawatts (MW) in the next three years from 380MW currently, said its power division chief executive officer Zahrul Faizi Hussien.

Save 30% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 9.73/month

Billed as RM 9.73 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 8.63/month

Billed as RM 103.60 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Business , oil

Next In Business News

TNB terminates renewable energy power purchase deal with Reneuco
Sunway to proceed with IJM takeover�
Fahmi: Malaysia's economy remains strong, continues to be the focus of foreign investors
Carimin acquires 19.5% stake in Sealink International for RM40mil
TNB terminates renewable energy PPA with Reneuco
Sunway to proceed with RM11bil takeover of IJM
KIP-REIT expects higher footfall across its malls
Oxford Innotech wins RM4.8mil data centre job
Suria Capital appoints Abd Rahman Dahlan as chairman
Ringgit closes higher amid US-EU tariff concerns, easing Japanese government bonds

Others Also Read