KUALA LUMPUR (Feb 21): KPower Bhd, in a consortium with a China company, has bagged a RM70 million contract to undertake engineering, design, procurement, construction, and commissioning (EPCC) works of small hydro power plants in Kota Marudu, Sabah. ORP, a subsidiary of OHP Ventures Sdn Bhd, was established to undertake the development of the project. Tellhow International Engineering & Contracting is a subsidiary of Shanghai-listed Tellhow Sci-Tech Co Ltd. In a separate statement, KPower said the project is 80% complete, with one site certified to achieve the stipulated commercial operation date by the Sustainable Energy Development Authority. At 2.42pm, KPower shares were up 4.5 sen or 8.33% at 58 sen, valuing it at RM320.25 million.
