Malakoff buys two RE firms for RM27mil

PETALING JAYA: Malakoff Corp Bhd is acquiring a 51% equity interest in ZEC Solar Sdn Bhd and a 49% stake in TJZ Suria Sdn Bhd from Zelleco Engineering Sdn Bhd for RM27mil.

In a filing with Bursa Malaysia, Malakoff said ZEC Solar is the owner and developer of a large-scale solar photovoltaic (LSSPV) facility with a capacity of 29 megawatts alternating current, located in Kota Tinggi, Johor under the large-scale solar programme with a 21-year solar power purchase agreement until 2040.