Saudi-based ACWA Power keen on investing over US$10b in Malaysia

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RIYADH: Saudi Arabia-based renewable energy giant ACWA Power has expressed interest to invest more than US$10 billion (US$1=RM4.77) in Malaysia over a...

Prime Minister Datuk Seri Anwar Ibrahim with ACWA Power Chairman Mohammad A Abunayyan on the sideline of the World Economic Forum Special Meeting, Monday/BERNAMApix: Saudi Arabia-based renewable energy giant ACWA Power has expressed interest to invest more than US$10 billion in Malaysia over a 10-year period in collaboration with Cypark Resources Bhd.

Also present during the half-an-hour call was Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz as well as the senior management of Bursa Malaysia-listed renewable energy firm Cypark Resources and its major shareholder, Jakel Group. “ACWA Power, one of the world’s largest renewable energy companies, is keen on investing in Malaysia, implementing technology transfer and sharing its renewable energy expertise for industrial parks in Jasin, Melaka, and Kerian, Perak, to power up green data centres,” she told reporters after the meeting.

 

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