Perak hydro project to boost G Capital revenue by 15.9%

KUALA LUMPUR: G Capital Bhd's subsidiary has won the bid to build a 10MW small hydropower project in Sungai Perak, Salu and it expects annual revenue to increase by 15.9% over the 21-year tenure.

In an announcement to Bursa Malaysia on Wednesday, Gunung Hydropower Sdn Bhd (GHSB) had won the project under the small hydro e-bidding process under SEDA Malaysia which was conducted in June 2020.