Glad to hear that kfliau, stop wasting time in this counter definitely correct. If you cut this trash right now, just put your money to recovery sector, time will reward you nicely, instead of getting nothing in here. So for your own sake, CUT!
Basically a rotational play lead by KPS. According to 2020 news said tender for "Rasat Water Treatment" would be out in early 2021. If this dream comes true, would energize surging up of the share price. Opinion only.
SUBANG JAYA, 7 DECEMBER 2020 – Salcon Berhad (“Salcon”) today announced that its’ subsidiary, Satria Megajuta Sdn Bhd (“Satria”) has entered into three (3) Solar Power Purchase Agreements (“SPPA”) with HeveaPac Sdn Bhd (“HeveaPac”), a wholly-owned subsidiary of HeveaBoard Berhad, one of the largest laminated particleboard shelving furniture producers in Asia. Salcon’s subsidiary, Salcon SER Sdn Bhd holds 67% equity interest while HeveaPac in turn, holds 33% equity interest in Satria.
Under the terms of SPPAs, Satria undertakes to design and install rooftop solar photovoltaic (“Solar PV”) systems with a total combined capacity of 1.48 MW on HeveaPac’s premises located at Kawasan Perindustrian Sg. Gadut, Negeri Sembilan and thereafter, own, operate and maintain the sSolar PV systems for a period of twenty-five (25) years from the commercial operation date. The Solar PV systems are expected to be fully operational by the first half of 2021, aiming to produce approximately 1.8 million kWh of green energy per year. This is the equivalent of powering 654 households in Malaysia in a year whilst reducing annual CO2 emissions by an average of 1,210 tonnes or 30,248 tonnes throughout the SPPAs’ tenure, which is equivalent to the CO2 absorption of at least 52,000 trees.
Yoong Hau Chun, Managing Director of HeveaBoard Berhad said “We are committed to environmental sustainability. With the installation of the Solar PV systems in our manufacturing facilities, the utilization of solar energy will not only lower our operating cost but will also reduce the carbon footprint in our daily business operations.”
Michael Leong, CEO of Salcon SER Sdn Bhd said “This signing represents a significant milestone for Salcon as part of our strategic initiative to diversify into the Renewable Energy (RE) sector to provide sustainable energy solutions. We are very proud to partner HeveaPac on their efforts to reduce its carbon footprint for a sustainable future.”
“As the green energy industry is rapidly growing, we are keen to invest and expand our green energy solutions by partnering with Multi-National Corporations (MNCs) and local leaders across various industries looking to reduce their electricity cost in their daily business operations via our dedicated RE investment arm, Salcon SER Sdn Bhd, to spearhead the green energy initiatives.” he added.
The successful execution of this project will contribute an additional stream of sustainable recurring income to the Group. Salcon first ventured into the solar business in 2012 when its subsidiary invested in rooftop solar solution for over 1,600 homes in United Kingdom. With the increasing climate change mandates and the significant improvements in solar energy technology, companies such as HeveaPac are putting their sustainable development goals into practice, pursuing renewable energy options and are committed to reducing their impact on the environment.
The project will be developed under the Net Energy Metering (“NEM”) scheme implemented by Sustainable Energy Development Authority (“SEDA”) Malaysia where any excess energy generated at discounted tariff is exported to the grid for which credit will be received to offset part of the electricity imported from TNB, resulting in lower electricity cost for consumers. By generating their own green energy, consumers will contribute to the reduction of CO2 emissions, hence reducing their carbon footprint and mitigating climate change.
KUALA LUMPUR (Dec 18): There are jobs in the pipeline for companies that are involved in the water treatment-related business.
Pengurusan Air Selangor Sdn Bhd (Air Selangor) will call for tenders for the first phase of the Rasau water treatment plant valued at about RM4 billion next year, according to its CEO Suhaimi Kamaralzaman.
Among the public-listed companies with expertise in water treatment plants are Salcon Bhd, Taliworks Corp Bhd, and Selangor State government-controlled Kumpulan Perangsang Selangor Bhd (KPS).
Post a Comment
People who like this
New Topic
You should check in on some of those fields below.
Title
Category
Comment
Confirmation
Click Confirm to delete this Forum Thread and all the associated comments.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
husky88
698 posts
Posted by husky88 > 2021-02-13 12:19 | Report Abuse
My advise is better cut loss, don't waste time with this fucx con