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.

"The SA is expected to contribute positively to the earnings and earnings per share of Reservoir Link Energy for the financial year ending June 30, 2025, and beyond, upon successfully implementing the project," said the group in a bourse filing.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Reservoir Link Energy , solar PV , JV

Next In Business News

Trump's tariff threats extend safe-haven gold's record rally
Maybank ranks among world’s top 500 brands, wins big in sustainable finance
FBG subscribes to additional shares in Australia’s BNL
SME Bank approves RM3.6bil funding in FY24
Ringgit closes lower vs US dollar on import tariff concerns
Divfex wins RM18.5mil data center equipment supply job
Hup Seng’s 4Q net profit jumps 26.7%, maintains cautious outlook
MGB wins construction job worth RM195mil
Keyfield gets contracts totalling RM56mil from PETRONAS Carigali
Anwar: Malaysia continues to attract foreign investment due to clear policies

Others Also Read