Gamuda in RM4bil Sabah hydroplant joint venture

PETALING JAYA: Gamuda Bhd has entered into a joint-venture agreement (JVA) with Sabah Energy Corp Sdn Bhd (SEC) and Kerjaya Kagum Hitech JV Sdn Bhd (KKHJV) to undertake a private finance initiative for the development of the RM4bil 187.5MW hydroelectric power plant in Tenom, Sabah.

The undertaking will be in line with the group’s long-term environmental, social and governance (ESG) strategies and commitments.