Malakoff achieves financial close for 3 small hydropower plants in Kelantan

From left: Rising Promenade Sdn Bhd managing director/CEO Datuk Farisah Mohd Farid, Malakoff Corp Bhd executive vice chairman Tan Sri Che Khalib Mohamad Noh and Malakoff Corp managing director/CEO Anwar Syahrin Abdul Ajib.

KUALA LUMPUR: Malakoff Corp Bhd has achieved financial close in relation to RP Hydro (Kelantan) Sdn Bhd’s RM975mil in nominal value Asean Green SRI Sukuk Wakalah issuance.

The independent power producer (IPP) said the Asean Green SRI Sukuk Wakalah will be used to part finance a project with an aggregate installed capacity of 84 MW to be developed along Sungai Galas in the District of Kuala Krai, Kelantan.