KAB's shareholders approve purchase of Indonesian hydropower plant

KAB founder and managing director Datuk Lai Keng Onn

KUALA LUMPUR: Kejuruteraan Asastera Bhd's (KAB) wholly-owned subsidiary KAB Energy Holdings Sdn Bhd has got the nod from shareholders for the proposed acquisition of a mini hydropower plant in Indonesia.

In a statement, the engineering and energy solutions provider said the proposal was passed at the extraordinary general meeting held today for the acquisition of PT Inpola Mitra Elektrindo, which owns and operates an 11MW mini-hydropower plant in the District of Pakpak Bharat, North Sumatera.