KUALA LUMPUR (Dec 19): Bina Puri Holdings Bhd shares rose 1.45% this morning after the company through its wholly-owned subsidiary BP Energy Sdn Bhd bagged a project from Malaysia's Energy Commission to develop a 5MW solar photovoltaic plant in KunakSabah under the commission's large-scale solar plant initiative.

At 9.10am, Bina Puri added 0.5 sen to 35 sen with 151,000 shares traded.

The project is on a build-own-operate (BOO) basis, is located in Kampung Dasar in Kunak and all the documentation is expected to be finalised by March 2018.

Bina Puri group executive director Datuk Matthew Tee Kai Woon revealed its plans to add more solar farms and mini hydro powers into its power portfolio. — theedgemarkets.com

For more stories, download EdgeProp.my pullout here for free.

SHARE
RELATED POSTS
  1. Data centres to guzzle one-third of Malaysia’s electricity by 2035, govt taking measures to ensure supply
  2. Bina Puri scheme of arrangement wins creditor backing, awaits court sanction
  3. Bina Puri wins 75% lender approval for debt restructuring plan