POWER UTILITY | Staff Reporter, Malaysia

Ranhill buys 26.7% stake in Tawau Green Energy for $4.4m

It now owns 18.7m shares in the company.

In a filing to Bursa Malaysia, Ranhill announced that it acquired a 26.7% stake in Tawau Green Energy for RM18.7m (US$4.4m) through its subsidiary Ranhill Capital.

The company now has 18.70 million shares in Tawau Green Energy.

Ranhill added that Tawau Green Energy has recevied an approval to develop a 37MW geothermal power plant in Apas Kiri, Tawau, Sabah. 

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