KUALA LUMPUR: Kejuruteraaan Asastera Bhd's (KAB) subsidiary KAB Energy Holdings Sdn Bhd has entered into a term sheet agreement with Sarawak Cable Bhd to acquire the entire issued share capital of PT Inpola itra Elektrindo (PT IME).
In a statement, KAB said PT IME has an existing power purchase agreement to supply electricity to PT Perusahaan Listrik Negara, the state-owned utility company in Indonesia, for a concession period of 20 years.
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