Kawan Renergy bets on renewables

Lim: Given the current sentiment, we are not expecting development to grow by leaps and bounds, but we remain busy. — AZLINA ABDULLAH/The Star

DESPITE recently missing analysts’ earnings estimates due to cost overruns, Kawan Renergy Bhd says its outlook remains intact and expects the issue to be resolved within the next six months.

Managing director Lim Thou Lai says the engineering solutions provider, which specialises in the design, fabrication, installation and commissioning of industrial process equipment and plants, as well as renewable energy (RE) and co-generation facilities, has continued to bid for projects as the setback has not derailed its growth plans.