Malakoff’s SPVs win government small hydro tender

“The SPVs will be awarded as the Feed-in-Approval holders and subsequently enter into a Renewable Energy Power Purchase Agreement with Tenaga Nasional Bhd (TNB) for the small hydro projects located in Peninsular Malaysia for 21 years, ” Malakoff said in a filing to Bursa Malaysia

KUALA LUMPUR: Malakoff Corporation Bhd’s 65%-owned indirect special purpose vehicles (SPVs) have won the government’s Feed-in Tariff (FiT) e-bidding small hydro tender through the Sustainable Energy Development Authority Malaysia.

The SPVs comprised Batu Bor Hidro Sdn Bhd (BBH) and Lubuk Paku Hidro Sdn Bhd (LPH). Touch Meccanica Sdn Bhd owns the remaining 35 per cent stake in the two companies.