KAB to develop Aceh greenfield biogas project

PETALING JAYA: Kinergy Advancement Bhd (KAB) is acquiring the entire equity interest in PT Green Energy Specialist One (PT GESO) for RM8.89mil and will be building a 4.26 megawatt biogas plant in Aceh, Indonesia.

In a statement, KAB said the proposed acquisition includes purchaser exclusivity over the 6.5ha land where the biogas plant will be constructed.

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