Malaysian local company, Konsortium Beseri Jaya Sdn Bhd (KBJ), and Hanwha Energy Corp Singapore Pte Ltd (Hanwha), a unit of Hanwha Group have set up a joint venture vehicle company, KBJ Hecmy, to develop a 30 MW solar project in Kampung Perawah, Chuping.
The MYR220 million (US$53.11 million) project will be realized with a loan of US$50 million from OCBC Bank and Bangkok Bank. Hanwha is investing US$10 million in cash for the project.
Country updates
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June 05, 2019
Panasonic announces collaboration and acquisition agreement with GS-Solar
Panasonic Corporation has announced that it has reached a collaboration agreement with GS-Solar (China) Company Ltd. in the field of photovoltaic technology. Under the agreement, GS-Solar (China) will...
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June 03, 2019
OCBC Bank leads financing for 30 MW solar project in Bukit Keteri
The OCBC Bank (Malaysia) has led "green" syndicated loan extended to KBJ HECMY Sdn Bhd, a joint venture between Hanwha Energy Corporation Singapore Pte Ltd and Konsortium Berseri Jaya Sdn Bhd, to ...
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May 24, 2019
Scatec Solar connects 65 MW solar project in Malaysia
Scatec Solar and partners have grid-connected its second solar power plant in Malaysia, the 65 MW (DC) Jasin plant. This plant is the second of three 65 MW solar plants under completion by Scatec Sola...
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May 08, 2019
ARB Berhad agrees to acquire 51% stakes in C&M Renewable Energy Technology
Malaysian investment holding company ARB Berhad has agreed to acquire a 51% stakes in local solar developer C&M Renewable Energy Technology Sdn Bhd (CMSB) for MYR5.5 million (US$ 1....
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February 02, 2019
Equinor partners with Global Petro Storage LPG terminal in Port Klang
Norwegian oil and gas firm Equinor has signed an agreement with Global Petro Storage (GPS) to jointly develop a liquefied petroleum gas (LPG) terminal and storage facility in Port Klang...
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