KUALA LUMPUR, Aug 9 — Full-fledged integrated construction engineering group, Vizione Holdings Bhd’s wholly-owned subsidiary, Vizione Energy Sdn Bhd (VESB), has acquired a 75 per cent stake in Tunjang Tenaga Sdn Bhd (TTSB) for RM150,085. In a statement today, Vizione said TTSB holds an 80 per...
KUALA LUMPUR, Aug 9 — Full-fledged integrated construction engineering group, Vizione Holdings Bhd’s wholly-owned subsidiary, Vizione Energy Sdn Bhd , has acquired a 75 per cent stake in Tunjang Tenaga Sdn Bhd for RM150,085.
SDF had on Dec 24, 2019 received feed-in approval from the Sustainable Energy Development Authority to operate a small hydropower plant with an installed capacity of 9.6 megawatts at Pedu Dam, Kedah for a period of 21 years starting from the Feed-In-Tariff commencement date scheduled. The duration of the contract is 48 months, commencing on Aug 7, 2020, with expected completion slated to be on Aug 8, 2024.
“Post completion of construction, we will also be operating the small hydropower dam for 21 years with total revenue estimated at RM245 million. This gives the group recurring income and will enhance our earnings visibility going forward.”
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