KUALA LUMPUR, Nov 7 (Bernama) -- Telekosang Hydro One Sdn Bhd has reached its initial operation date (IOD) on Nov 5, 2022 to generate and supply electricity to Sabah’s power grid system.
In a filing with Bursa Malaysia, Telekosang Hydro chief executive officer and Jentayu Sustainables Bhd executive chairman Datuk Beroz Nikmal Mirdin said Telekosang Hydro is set to be one of Malaysia’s largest run-of-river (ROR) hydropower plants and is expected to generate 245,000 megawatt-hour (MWh) of electricity annually.
“It has provided 1,000 job opportunities and enabled knowledge transfer of green technology to Sabah,” he said in a joint statement today.
He added that the IOD paves the way for Jentayu Sustainables to conclude its acquisition of Telekosang Hydro, supporting the group’s aspiration to be a major green energy player in the country.
The acquisition of Telekosang Hydro would enable the group to also provide ancillary services under the banner of Integrated Sustainability Solutions, such as renewable energy certificate (REC), carbon advisory and carbon management, he said.
"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 (SFD) to lead our restoration and reforestation exercise to ensure preservation of biodiversity surrounding the area of Telekosang Hydro," he said.
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