Malakoff secures RE capacity boost

Quick Summary:

PETALING JAYA: Malakoff Corp Bhd has acquired the remaining 51% stake in ZEC Solar Sdn Bhd and the remaining 49% stake in TJZ Suria Sdn Bhd from Zelleco Engineering Sdn Bhd.

TA maintains its Buy call on Malakoff given the improved prospects of capacity replenishment on the back of tightening demand supply in the generation market.

This will contribute to the group’s target of achieving 1400MW RE capacity by 2031, the research firm added.

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Category: EconomyBusiness

Markets: Malaysia

Topics: Energy /Business/Business News RE Corporate News Capacity Malakoff

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-03 @ 13:06:00 (2 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 444 words

Reading Time: 3 minutes read

Sentences: 16 lines

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Copyright Owner: © The Star

News ID: 25766713

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