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Eden recommences operation of Libaran Power Station for 3-year term

KUALA LUMPUR, Aug 16 -- Eden Inc Bhd’s wholly-owned subsidiary Stratavest Sdn Bhd (STV) has entered into a power purchase agreement with Sabah Electricity Sdn Bhd to further extend the operation of Libaran Power Station for another three years. 

Solar PV installation can help businesses save at least 25 pct in electricity cost

KUALA LUMPUR, Aug 13  -- A typical solar photovoltaic (PV) panel installation on commercial or industrial properties would help businesses to save potentially at least 25 per cent in electricity cost, UOB Malaysia deputy chief executive officer Ng Wei Wei said.

New Kanowit substation for better reliability of electricity supply

KUCHING, Aug 12 (Bernama) -- A new 32/33/11 kilovolt (kV) substation in Kanowit, a semi-urban settlement in central Sarawak, is nearing completion to connect it to the State's main electricity grid to reinforce the power distribution network in the area and improve reliability of supply. 

Serba Dinamik secures 15 O&M, EPCC contracts

KUALA LUMPUR, Aug 11 -- Serba Dinamik Holdings Bhd (SDHB), through its Malaysian and Indonesian subsidiaries, has secured 15 operations and maintenance (O&M) and engineering, procurement, construction, and commissioning (EPCC) contracts.

Reservoir Link gets shareholders nod to buy 51 pct of Founder Energy

KUALA LUMPUR, Aug 11 -- Upstream oil and gas well related services provider, Reservoir Link Energy Bhd has received shareholders’ approval to acquire a 51 per cent stake in Founder Energy Sdn Bhd (FESB) from for RM21.2 million.

DNeX's unit to acquire remaining interest in Avalon Oildfield for RM71.72 mln

KUALA LUMPUR, Aug 9  -- Dagang Nexchange Bhd (DNeX) will acquire the remaining 50 per cent interest in the development of Avalon Oilfield not owned by PING Petroleum UK Ltd (PING UK) for US$17.0 million (RM71.72 million) in total.

Manulife Investment Management launches Global Energy Transition Fund

KUALA LUMPUR, Aug 9  -- Manulife Investment Management (M) Bhd has launched Manulife Global Energy Transition Fund, which aimed to support the move towards a carbon neutral economy and mitigate the impact of climate change. 

Electricity from Sarawak will spur Sabah's development - Hajiji

KOTA KINABALU, Aug 6 -- Sabah today inked an agreement with Sarawak to import electricity in an effort to help spur the state’s development as underlined in the five-year Hala Tuju Sabah Maju Jaya (SMJ) development plan.

Sarawak aims to be ASEAN's power provider - Abang Johari

KUCHING, Aug 6  -- Sarawak will continue to leverage on sustainable energy development to fulfil its aspiration to become the battery of ASEAN in powering sustainable growth in the region, Chief Minister Datuk Patinggi Abang Johari Tun Openg said today.

Sabah Electricity, Sarawak Energy seal power exchange, interconnection agreements

KUCHING, Aug 6 -- Sabah Electricity Sdn Bhd (SESB) and Syarikat SESCO Bhd (SESCO), a subsidiary of Sarawak Energy, today signed a power exchange agreement and an interconnection agreement, marking a historic milestone in materialising the Borneo Grid and the wider ASEAN Power Grid.