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Telegram中文群组导航:Jentayu Sustainables hydropower plant operational by year-end

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KUALA LUMPUR: Jentayu Sustainables Bhd (Jentayu Sustainables), previously Ipmuda Bhd, said the hydropower plant it is acquiring in a related-party transaction will be commercially operational by the end of this year.

Telekosang Hydro One and Telekosang Hydro Two, collectively known as Telekosang Hydro, cost RM587 million and will be Malaysia’s largest small hydropower plant harnessing power from the natural flow of a river, Jentayu Sustainables said in a statement. The Telekosang Hydro project has a total capacity of 40MW.

Jentayu Sustainables executive chairman Datuk Beroz Nikmal Mirdin said a supplemental agreement signed between Telekosang Hydro, Sinohydro Corporation Sdn Bhd and PowerChina International Group Ltd addresses the project’s commercial aspects.

Beroz Nikmal, who is also Telekosang Hydro chief executive officer, said there will be no claims or counterclaims from either party that would result in any variations to the original contract value.

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"Telekosang Hydro and involved parties have effectively resolved concerns about project delays, cashflow generation and liquidity support. Furthermore, Telekosang Hydro One, a 24MW plant, is currently undergoing testing ahead of commercial operation,” the statement said.

"The commissioning of this project will pave the way for the completion of Jentayu Sustainables’ acquisition leading to a positive cash flow stream,” the statement said. - Bernama


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  • 2022-09-20 00:16:11

      银保监会称,上述会议违反了《银行保险机构公司治理准则》第七条和公司《章程》第七十一条,保险公司召开股东大会、董事会、监事会等会议,“应当至少提前三个工作日通知监管机构” 等要求,不符合公司《章程》第一百十二条“通知时限为:…临时董事会会议召开前至少五天。公司应于上述时限内将会议通知以书面方式送达全体董事和监事”等。哎呀,捡到宝了!