KUALA LUMPUR (Nov 7): Telekosang Hydro in Sabah, which reached its initial operation day (IOD) on Saturday (Nov 5), is set to be one of Malaysia’s largest run-of-river hydropower plants, generating an estimated 245,000 MWh of electricity annually. Announcing this in a joint statement with Telekosang Hydro One Sdn Bhd, Jentayu Sustainables Bhd said the IOD paves the way for Jentayu to conclude its acquisition of Telekosang Hydro, in line with the group’s aspiration to be a major green energy player in the country. “As a group, we will continue to advocate sustainability as the pulse of our business and in all our undertakings — including preservation and rehabilitation efforts. “We are finalising terms and conditions for Sabah Forestry Department to lead our restoration and reforestation exercise to ensure preservation of biodiversity surrounding the area of Telekosang Hydro,” he said. Jentayu’s share price finished 0.81% or half a sen lower at 61.5 sen on Monday, bringing the group a market capitalisation of RM217.2 million.
