Lin says the investments would entail several types of RE sources and “not so much on solar”.hội bàn đề（www.84vng.com）：hội bàn đề（www.84vng.com） cổng Chơi tài xỉu uy tín nhất việt nam。hội bàn đề（www.84vng.com）game tài Xỉu hội bàn đề online công bằng nhất，hội bàn đề（www.84vng.com）cổng game không thể dự đoán can thiệp，mở thưởng bằng blockchain ,đảm bảo kết quả công bằng.
PETALING JAYA: Gamuda Bhd has earmarked RM2bil to invest in the Malaysian and international renewable energy (RE) space over a five-year period.
Group managing director Datuk Lin Yun Ling said the investments would entail several types of RE sources and “not so much on solar”.
Lin highlighted that Gamuda was looking at developing some hydro pump projects in Australia, describing the country as a “very important and key market” for Gamuda.
“For example, there is one (hydro pump project) that we are bidding in Tasmania.
“We are not particularly attracted to just being a solar farm contractor.
“It (our goal) is more about having sufficient sources of green energy to serve market demand which we think will be huge in the coming years,” he said in a post-AGM briefing yesterday.
Lin told reporters that Gamuda was also in the midst of advance discussions related to other large-scale RE assets, which will be announced in the coming months.
A day earlier, Gamuda announced the proposed acquisition of a 30% stake in homegrown ERS Energy Sdn Bhd for RM200mil.
The acquisition of ERS Energy, a leading solar engineering, procurement, construction and commissioning (EPCC) company, would help Gamuda grow its RE asset portfolio to over 800MW in the next few years.,
ERS Energy is currently a joint-venture partner of Gamuda in NEDA Pekan Sdn Bhd to develop a 39MW (29.99 MWac) solar power plant under the New Enhanced Dispatch Arrangement (Neda) framework.
Gamuda Engineering Sdn Bhd managing director Justin Chin Jing Ho, who also spoke at the briefing, said the main reason for Gamuda’s entry into ERS Energy was not because of the latter’s EPCC capabilities.
“This is because it (EPCC) has a very low barrier to entry, installation of solar is not particularly complex and there are a lot of players in the market.
“Instead, one of the key values that we see in ERS Energy is that the company has secured the early quota to develop a power plant under the Neda framework.
“This framework will form the base for the recently announced corporate green power programme by the government.
“There was a 600MW quota announced not long ago and the tendering process is open now,” said Chin.
He also added that ERS Energy brings in an order book of RM1.4bil, which will contribute to Gamuda in the financial years of 2023 and 2024.
In the short term, Chin said the earnings contribution from ERS Energy will only be in “tens of millions (of ringgit)”.
“Part of the ERS Energy deal, which will be finalised shortly, will involve the acquisition of some recurring income assets and that would contribute to our bottom line in the short term.,
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