Potential fund raising exercise for KPower to finance LSS4

The contracts are also related party transactions, as deputy chairman and group managing director Mustakim Mat Nun (pic) and group CFO Amirul Afif Abd Aziz are also directors of the project companies and have intention to acquire certain stakes in the project companies

PETALING JAYA: A potential fund raising exercise could be in the offing for KPower Bhd to finance its large-scale solar power (LSS4) project and for other future expansion, say analysts.

The sustainable energy and utilities business related group on Monday announced that it secured four domestic engineering, procurement, construction and commissioning (EPCC) contracts worth RM510mil, where it will work on mini hydro power plants.RHB Research, in its latest report, said that it is upbeat on KPower winning the EPCC contracts.