Pimpinan Ehsan set to go big in renewable energy

Boumhidi Abdelali (Adel) is the managing director of reNIKOLA

JUST months before Pimpinan Ehsan Bhd (PEB) would have completed the acquisition of reNIKOLA Holdings Sdn Bhd, a significant development is taking place.

Thailand-listed energy player B.Grimm Power Public Co Ltd is now poised to become a major shareholder of reNIKOLA after it proposed to pump in some RM367mil in cash into the latter for a 45% stake.