Energy Commission Conducts Second Bidding Process

 |  Tuesday, 21 February 2017 14:36  |  Published in CORPORATE

The Energy Commission is conducting a second competitive bidding process for companies to build large scale solar (LSS) photovoltaic (PV) plants in Peninsular Malaysia and Sabah/ Labuan.

It announces the plants will be connected to the grid and sell their energy to Tenaga Nasional Bhd (TNB) or the Sabah Electricity Board (SESB) under a solar power purchase agreement.

Guocoland buys stakes in Eco World International

 |  Monday, 20 February 2017 11:11  |  Published in CORPORATE

Kuala Lumpur, Feb 20 - Eco World International Bhd (EWI) has signed a share subscription agreement with Guocoland Ltd, in which the latter will take up a 27% stake in EWI's enlarged issued and paid-up capital. 

EWI also signed a retail underwriting agreement with six banks to underwrite its retail offering comprising 408 million initial public offering (IPO) shares, representing 17% of its enlarged issued and paid-up capital.

The Armada Kraken FPSO Safely Completes Hook-Up In The North Sea

 |  Friday, 17 February 2017 17:44  |  Published in CORPORATE

Kuala Lumpur, Feb 17 - Bumi Armada’s Armada Kraken FPSO arrived at the Kraken field in the UK North Sea on Monday February 13, 2017.

The hook up of the Submerged Turret Production (‘STP’) buoy mooring system, to the FPSO was completed on 15th February and a full rotation test performed so that the vessel is now on station and securely moored.

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