Reservoir Link Energy unit inks JV to develop solar PV project in Kedah

KUALA LUMPUR: Reservoir Link Energy Bhd's wholly-owned subsidiary Reservoir Link Renewable Sdn Bhd has entered into a shareholders' agreement (SA) with Sumitomo Corp, MAQO Engineering Sdn Bhd and SRM Utama Selambau Sdn Bhd to develop and operate a 29.99 MWac ground-mounted solar photovoltaic project in Kedah.

Under the agreement, Reservoir Link Renewable will hold a 29% stake while Sumitumo will own 49% and MAQO, 22%, in the joint venture.