DRB-Hicom pulls out of solar project

PETALING JAYA: Conglomerate DRB-Hicom Bhd is pulling out of the proposed 50MW large-scale solar photovoltaic (PV) plant in Tanjung Malim, Perak, after the company could not come to an agreement with partner Malakoff Corp Bhd over certain terms and conditions of the project.

The company said in a filing with Bursa Malaysia that indirect subsidiary DRB-Hicom Environmental Services Sdn Bhd (DHES) has withdrawn from the consortium to undertake the 50MWac project with Malakoff.

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Business , DRB-Hicom , Malakoff , stocks , shares , solar , project ,


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