Malakoff secures Feed-in-Tariff approval for 2.4MW biogas power plant in Kota Tinggi

Malakoff secures Feed-in-Tariff approval for 2.4MW biogas power plant in Kota Tinggi

19 Nov 2020

Malakoff Corp Bhd’s unit has received approval from the Sustainable Energy Development Authority (SEDA) to develop a 2.4 megawatt Biogas Power Plant in Johor.

In a bourse filing, the group announced that its 60%-owned indirect subsidiary Southern Biogas Sdn Bhd received the Feed-in Tariff (FiT) approval from SEDA yesterday for the plant, which will be located in Ulu Sebol, Kota Tinggi.

The unit, it said, participated in a competitive e-bidding exercise for the project and submitted its bid on June 5.

Malakoff shares closed 2.13% or two sen lower at 92 sen today, valuing it at RM4.6 billion. It saw 2.07 million shares traded.

Source: The Edge Markets Posted on : 19 November 2020