GCAP, Yayasan Sabah to raise RM3bil for mini-hydropower projects

KUALA LUMPUR: G Capital Bhd via its wholly-owned subsidiary, CM Creative Itinerary Sdn Bhd has entered into a joint venture and shareholders’ agreement (JVSHA) with Innoprise Synergy Sdn Bhd and Kerap Hijau Sdn Bhd to jointly develop mini-hydropower projects in Sabah.

State-owned organisation Yayasan Sabah Group is the holding company of Innoprise. Kerap Hijau has received approval to assume the name of Sabah Renewable Energy Corporation Sdn Bhd (SREC).