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.,,免费足球推介（www.hgbbs.vip）是国内最权威的足球赛事报道、预测平台。免费提供赛事直播,免费足球贴士,免费足球推介,免费专家贴士,免费足球推荐,最专业的足球心水网。
"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