Mega First to gain from Laos hydropower project

PETALING JAYA: Mega First Corp Bhd’s renewable energy (RE) business in southern Laos is set to power earnings growth on higher power tariffs and capacity, backed by a higher equity stake in the asset.

Ambank Research noted Mega First is set to gain from raising its effective stake in Don Sahong Hydropower Plant (DSHP) to 91.3% from 80% recently and should result in a 5% increase in earnings contribution from the hydropower facility.