KOTA KINABALU: Canadian expertise is being sought to help develop Malaysia's first geothermal plant in Tawau district.
Vancouver-based Continental Energy Corporation (CEC) has recently inked a Sales and Purchase Agreement with the project developer Tawau Green Energy Sdn Bhd (TGE) to enable it to become a 10% shareholder in TGE.
TGE managing director Ramzi Raad said CEC had been actively involved in the oil and gas industry.
CEC chief executive officer Richard McAdoo said the acquisition of a stake in TGE was a milestone for Continental, as it represented a step in their planned expansion into the renewable electrical power generation sector in a high-growth region.
Ramzi said the geothermal power plant in Tawau's Apas Kiri would be capable of generating over 100MW of electricity once fully completed.
By DURIE RAINER FONG
www.thestar.com
Vancouver-based Continental Energy Corporation (CEC) has recently inked a Sales and Purchase Agreement with the project developer Tawau Green Energy Sdn Bhd (TGE) to enable it to become a 10% shareholder in TGE.
TGE managing director Ramzi Raad said CEC had been actively involved in the oil and gas industry.
CEC chief executive officer Richard McAdoo said the acquisition of a stake in TGE was a milestone for Continental, as it represented a step in their planned expansion into the renewable electrical power generation sector in a high-growth region.
Ramzi said the geothermal power plant in Tawau's Apas Kiri would be capable of generating over 100MW of electricity once fully completed.
By DURIE RAINER FONG
www.thestar.com
No comments:
Post a Comment