Advancecon eyes mini-hydro and energy-efficiency projects, open to local, regional merger deals

KUALA LUMPUR: Advancecon Holdings Bhd is broadening its focus beyond solar renewables by exploring opportunities in mini-hydro and energy-efficiency p...

Advancecon Holdings Bhd is broadening its focus beyond solar renewables by exploring opportunities in mini-hydro and energy-efficiency projects.

“We are in the early stages of exploring this opportunity and will continue to study each opportunity’s risks and return dynamics as and when available locally and regionally.

To support its expansion plan, he said, the group is exploring sukuk and green financing options and collaborating with local government agencies and domestic players to share expertise in cost optimisation and achieve sustainable growth. However, the group’s revenue declined by 22% year-on-year to RM95.81 million, a drop of RM26.84 million.

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