NIHSIN (7215) : Helios Photovoltaic in a Proposed RTO Into Nihsin Resources
We have media members running around scurrying for information about Helios PV, which have signed an MOU to work out a RTO exercise of injecting their company into Nihsin. Nissan was earlier rumoured to be getting an oil and gas RTO asset injection, but that deal seems to have been shelved with the sharp correction in oil prices in recent weeks.
In addition Nihsin has stunned the market with an attractive 1 for 2 free warrant issue as well.
So, who is Helios PV? (From their website)
COMPANY BACKGROUND
Helios Photovoltaic Sdn Bhd is a registered CIDB Grade G7 Contractor With ISO certifation 9001-2008 and Sijil Perolehan Kerja Kerajaan (SPKK). We also provide consultancy services for alternate energy in the area of design and built conventional contractor for all types of photovoltaic projects.
The management of Helios has more than 18 years experience ranging from grid-type, off grid solutions to Building Integrated PhotoVoltaic (BIPV). We have achieved numerous successful projects. To name a few amoungst them are with the Federal Government (Ministry of Education and Kementerian Kemajuan Luar Bandar & Wilayah); Semi Government body (Universiti Malaysia Sarawak (UNIMAS)) and private sector (SP Setia).
Our solar systems are designed to be reliable and can cater for utility, government and commercial sectors. Now everyone can have access to affordable, clean renewable power source.
Contractor Grade G7
Registered with CIDB Grade G7, Helios equipped itself with ISO certification 9001:2008 and Sijil Perolehan Kerja Kerajaan (SPKK). Through the years of track records as design and build/conventional contractor, Helios has done numerous solar projects with the Federal Government such as Ministry of Education and Kementerian Kemajuan Luar Bandar & Wilayah, Semi Government body such Universiti Malaysia Sarawak (UNIMAS) and private sector such as SP Setia.
So, what have they been doing .... in the news recently ...
"PV module manufacturer Wuxi Suntech will give solar panels to a 7.5MW off-grid installation in order to power rural schools and villages in Malaysia.
The move is part of a new initiative from Malaysia’s Ministry of Rural and Regional Development – the Rural Solar Hybrid Electricity Project for Villages and Schools in the Interior.
The project is expected to be constructed in various phases until final completion in 2017. The first phase will generate 960kW of energy for three schools and 20 surrounding villages. The project will be comprised of Suntech’s VDE Quality Tested modules.
Samuel Zhang, sales director for APMEA & China at Wuxi Suntech, said: "We have been working diligently with our partners Helios Photovoltaics and the Malaysian government for several years to launch this revolutionary project. We're using diesel generators and German battery packs to backup Suntech's best in class PV Modules in this system. Many locations in the region are only accessible via boat or helicopter and have previously been left to rely on diesel generation for power. These new micro-grid systems will help to significantly reduce diesel costs and cut 10,000 tons of CO2 emissions per year, providing clean, reliable energy for the schools and villages in Sarawak. We are extremely proud of our work with Helios and the Malaysian Government that has enabled us to bring this project to fruition."
My View: Helios PV is a significant private vehicle with good connections. It is already well entrenched in completing and obtaining government projects relating to PV as renewable energy solutions. While its hard to get at their earnings or valuations, there are indications that Helios PV is already consistently making PAT of nearly RM50m a year. Hence this is a significant RTO if all things goes well.http://malaysiafinance.blogspot.com/
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
misterzikk
547 posts
Posted by misterzikk > 2014-12-24 14:59 | Report Abuse
Maybe next year... Still have faith