KUALA LUMPUR, June 26 (Bernama): Kejuruteraan Asastera Bhd’s (KAB) wholly-owned subsidiary, KAB Energy Power Sdn Bhd (KABEP), has inked a collaboration agreement with Janakuasa Pte Ltd to explore the renewable energy (RE) market in Vietnam.
In a filing with Bursa Malaysia today, the electrical and mechanical engineering services provider said under the agreement, a special purpose vehicle -- to be formed by KABEP and Janakuasa -- will seek to acquire the majority stakes in three hydropower plant projects in Vietnam, with an aggregate installed capacity of 180 megawatts (MW).
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