Reservoir Link plans to expand RE segment

PublicInvest Research says the company plans to scale up its RE segment as a concession owner with a regional footprint via acquisitions, particularly in Indonesia.

PETALING JAYA: Reservoir Link Energy Bhd expects more contributions from its renewable energy (RE) segment from financial year 2023 (FY23) and there are plans to expand its reach via acquisitions.

Its optimism stems from the demand from large scale solar awards to achieve targeted commercial operation by December this year and the 600 megawatt (MW) quota of virtual power purchase agreement.