This year, Jentayu Sustainables (JSB), a market favourite in the renewable energy sector, has seen its share price soar by a whopping 70.67%.

Now, you might be wondering, what’s the big deal about JSB?

Well, allow me to spill the beans. The Edge and The Star have been buzzing about JSB’s second hydropower plant, Telekosang Hydro 2, which has achieved its feed-in-tariff comment date (FiTCD) on December 25, 2023, exactly a Christmas present to the company as well as the shareholders.

According to The Edge, Telekosang Hydro Hydro 2 is now fully online and operating commercially, supplying power to the Sabah Electricity Sdn Bhd as per contracted, whereby the tariff rates are not made public.

But hold on, there's more. Telekosang Hydro 1, with a beefy 24MW capacity, started in February. And here's the interesting part– Telekosang Hydro 1 has been churning out more power than anyone expected in the past 10 months.

In layman terms, it's like hitting the jackpot in terms of energy output, and perhaps we might see the same for Telekosang Hydro 2?

Now, the big shots holding the majority shares are throwing in a solar plant that packs a 5.99MW punch in Kedah. And when you add it all up with the two hydropower plants, we’re talking serious green energy coming from this company.

Let’s talk numbers.

Combined, Telekosang Hydro 1 & 2 are set to generate about 245,280 GWh each year. That's not just a lot of power; it also means dodging a hefty 172,909 tonnes of CO2 annually. Talk about being green!

And here’s where it gets even more exciting. After Telekosang Hydro 2 hits its stride, JSB will be one of the top companies in renewable energy in Malaysia. But the folks at JSB aren’t just kicking back and relaxing – they’re already cooking up their next project.

Enter Project Oriole. This isn’t just any run-of-the-river hydropower project. We’re taking a massive 170MW generation capacity, set to be all systems by 2027.

If Project Oriole flies as planned, JSB’s total capacity would skyrocket to 216 MW. That’s not just big; it’s colossal. It would make JSB the top hydropower plant owner on the Bursa Malaysia.

Now, if we peek over the fence at the regional scene, there’s Mega First Corporation (MFCB) with their 260MW Don Sahong hydropower plant. MFCB’s market cap stands at a giant RM3.56 billion. Meanwhile, JSB is playing it cool at a more approachable RM529.5 million.

So, the million-dollar question: is there room for JSB to grow in terms of market cap? You bet there is. Keep your eyes on JSB; they’re on a roll and showing no signs of slowing down.