YTL Power looks to grow RE ambitions

PETALING JAYA: YTL Power International Bhd appears to be gearing up to further its renewable energy (RE) ambitions, says MIDF Research.

Following a report that the YTL group could be one of the parties that have put in a bid for Boustead Holdings Bhd’s 57% stake in Boustead Plantations Bhd (BPlant), the research firm said YTL’s interest could stem from its RE ambitions, which requires sizeable land bank to house potential RE assets, as well as data centres.