Business

M’sia’s first run-of-river hydropower plant completes tests

Telekosang Hydro One expected to make over RM65 mil per annum over next 21 years

Updated 3 years ago · Published on 21 Feb 2023 1:23PM

M’sia’s first run-of-river hydropower plant completes tests
Based on the tariff rate of RM 0.24/kWh under the renewable energy power purchase agreement, the project is expected to generate an estimated cash flow of more than RM65 million per annum over the next 21 years. – telekosanghydro.com pic, February 21, 2023

KOTA KINABALU – Run-of-river (ROR) hydropower plant Telekosang Hydro One (TH1) in Tenom south of here has completed all prerequisite tests for its commercial operation date. 

In a statement, Telekosang Hydro One Sdn Bhd and Jentayu Sustainables Bhd said the tests were witnessed by Sabah Electricity Sdn Bhd. 

The Telekosang Hydro (TH) project is Malaysia’s largest privately owned cascading ROR hydropower plant, which managed to raise the world’s first greenfield mini-hydro green SRI sukuk under the shariah principle of wakalah bi al-istithmar. 

Based on the tariff rate of RM 0.24/kWh under the renewable energy power purchase agreement, the project is expected to generate an estimated cash flow of more than RM65 million per annum over the next 21 years. 

The COD of TH1 is a major milestone towards fulfilling the conditions precedent of the injection of TH into Jentayu Sustainables. 

The acquisition process is expected to be completed later this year. 

Telekosang Hydro chief executive officer and Jentayu Sustainables executive chairman Datuk Beroz Nikmal Mirdin said his companies are glad to be able to take part in Sabah’s effort to end energy deficiency and lead the way in providing sustainable energy solutions. 

“Telekosang Hydro is a testament to our commitment to utilising the power of nature for a clean and reliable source of energy. 

“This project is expected to provide a long-term sustainable revenue stream and profitability to Jentayu Sustainables and would put us on stronger financial footing as we continue to expand our footprint in the sustainable energy sector,” he said. – The Vibes, February 21, 2023

Spotlight

World

Series of explosions, fires hit three southern Thai provinces

Opinion

One more temple falls: The destruction of Malaysia’s soul?

Opinion

Why is Israel pushing toward confrontation with Türkiye?

Malaysia

‘Uncle Anwar’ sends representative to children’s entrepreneurs day in Subang Jaya

Malaysia

‘Look at temple dispute based on facts and laws’ – DAP reps tell Rayer

By Alfian Z.M. Tahir

Malaysia

Malaysia, Brunei set deadline to demarcate boundary, enhance border security

Malaysia

Police probe indecent act allegedly targeting woman in Sungai Petani

Malaysia

Sarawak postpones three major programmes over haze concerns

You may be interested

Business

Robo.ai expects shareholders’ equity to turn positive after restructuring

By Alfian Z.M. Tahir