GULF International Investment Group (GIIG) Capital has confirmed that it is proceeding to take control of the Bakun hydroelectric power project through its proposed 60% stake in Sarawak Hidro Sdn Bhd.
GIIG Capital vice-president of projects, Shahrir Shariff, said in a statement yesterday that the company was committing equity investment of RM945mil, representing 60% of the enlarged share capital of Sarawak Hidro.
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