Malakoff signs HOAs for hydroelectric plants

KUALA LUMPUR: Malakoff Corp Bhd has signed several agreements including a heads of agreement (HOA) and a number of shareholder subscription agreements following a planned participation in a renewable energy (RE) project in Kelantan.

These are for the three upcoming hydroelectric plants, namely the Kemubu Small Hydropower Plant, Kuala Geris SHP and Serasa SHP, which have an installed capacity of 29 megawatts (MW), 25MW and 30MW respectively at Kuala Krai, Kelantan.