Bina Puri rises 1.45% on bagging solar plant job

KUALA LUMPUR (Dec 19): Bina Puri Holdings Bhd shares rose 1.45% this morning after the company through its wholly-owned subsidiary BP Energy Sdn Bhd bagged a project from Malaysia's Energy Commission to develop a 5MW solar photovoltaic plant in KunakSabah under the commission's large-scale solar plant initiative.

At 9.10am, Bina Puri added 0.5 sen to 35 sen with 151,000 shares traded.

The project is on a build-own-operate (BOO) basis, is located in Kampung Dasar in Kunak and all the documentation is expected to be finalised by March 2018.

Bina Puri group executive director Datuk Matthew Tee Kai Woon revealed its plans to add more solar farms and mini hydro powers into its power portfolio. —

For more stories, download pullout here for free.

  1. Tadmax gets green light for Pulau Indah power plant
  2. 3.0 magnitude earthquake hits Kunak waters, Sabah
  3. IP on TNB's overcharged bills with AGC