PETALING JAYA - Bina Puri Holdings Bhd’s subsidiary will build and operate a mini hydro power plant costing US$10mil (RM31.8mil) in Sulawesi, Indonesia.
The company told Bursa Malaysia yesterday that its 80%-owned PT Megapower Makmur had signed an agreement with and PT PLN (Persero) to undertake the project, which is the sixth in the region.
“The annual output of electricity produced is about 23,915 GWH. The tenure of power purchase agreement is 15 years effective from the date of commercial run of the power plant,” it said.
-- Star Property