"This will enable KPower to expand our income streams and further strengthen our position in the sustainable energy and utilities sector," said executive chairman Mustakim Mat Nun
KUALA LUMPUR: KPower Bhd is planning to expand into hydro assets ownership via a deal with Pristine Falcon Sdn Bhd to purchase the entire equity interest in One River Power Sdn Bhd for RM130mil in cash and shares.
In a statement, the group said its wholly owned subsidiary KPower RE Sdn Bhd has inked a heads of agreement for the acquisition of five million shares in One River Power, which will give it 29.1MW hydropower plants in Kota Marudu, Sabah.
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