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OTHERS ASIA POLY HOLDINGS BERHAD ("ASIA POLY" OR "THE COMPANY") NOTIFICATION OF A SUCCESSFUL BIDDER UNDER THE SUSTAINABLE ENERGY DEVELOPMENT AUTHORITY ("SEDA") E-BIDDING MECHANISM IN RELATION TO THE DEVELOPMENT OF SMALL HYDRO POWER PLANTS WITH AN INSTALLED CAPACITY OF 10.0 MEGAWATT ("MW")

ASIA POLY HOLDINGS BERHAD

Type Announcement
Subject OTHERS
Description
ASIA POLY HOLDINGS BERHAD ("ASIA POLY" OR "THE COMPANY")
NOTIFICATION OF A SUCCESSFUL BIDDER UNDER THE SUSTAINABLE ENERGY DEVELOPMENT AUTHORITY ("SEDA") E-BIDDING MECHANISM IN RELATION TO THE DEVELOPMENT OF SMALL HYDRO POWER PLANTS WITH AN INSTALLED CAPACITY OF 10.0 MEGAWATT ("MW")

The Board of Directors of Asia Poly (“Board”) is pleased to announce that the subsidiary company, Asia Poly Hydro (Pahang) Sdn. Bhd.(“APHPSB”), had on 10 May 2022, been selected as one of the successful bidders under the feed-in tariff (“FiT”) e-bidding exercise conducted by SEDA for the development of small hydro power in Malaysia. APHPSB is a 70% owned subsidiary of Asia Poly via Asia Poly Green Energy Sdn. Bhd., a wholly owned subsidiary of Asia Poly. 

 

Under the e-bidding exercise, APHPSB shall develop small hydro power plant with a total capacity of 10.0 MW in Jerantut, Pahang with a basic FiT rate of RM0.2435 per kilowatt-hour. 

 

The feed-in approval certificate (“Approval Certificate”) shall be issued within fourteen (14) days upon fulfilling the conditions as sets out by SEDA. 

 

The Company shall make further announcement upon the receipt of the Approval Certificate.

 

This announcement is dated 12 May 2022.






Announcement Info

Company Name ASIA POLY HOLDINGS BERHAD
Stock Name ASIAPLY
Date Announced 12 May 2022
Category General Announcement for PLC
Reference Number GA1-12052022-00016




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