On behalf of the Board, KAF IB wishes to announce that Bursa Securities had vide its letter dated 27 June 2022, decided to grant an extension of time until 6 December 2022 for GCAP to complete the implementation of the Proposed Rights Issue.
Right issue date non stop delay. Guess no one wan subcribe also
Reppa was inked via G Capital's 74.64%-owned subsidiary Hydro R E Sdn Bhd (KHRE). Under the deal, TNB will buy electricity from KHRE at a feed-in-tariff (FiT) rate of 24.61 sen per kilowatt hour. Reppa's tenure will start from the commercial operation date, which is scheduled to be May 11, 2027.
KHRE was granted in May this year the feed-in approval by the Sustainable Energy Development Authority Malaysia for a two-megawatt high-head mini hydro water plant in Sungai Geroh, Perak.
The group is targeting to complete and commission the plant on or before May 11, 2027, envisaging a potential revenue of RM53.09 million to the group over a span of 21 years based on the FiT rate of 24.61 sen per kilowatt hour and [an] estimated annual production of 10.27 gigawatt hours of electricity to be generated from the plant
KUALA LUMPUR (May 10): The government is lifting an 18-month ban on renewable energy (RE) exports — a move to allow the country to tap the rising demand in Singapore and subsequently accelerate local RE generation capacity.
G Capital Berhad – A Hidden Gem with Potential to Generate Big Returns
Company Background G Capital Berhad (GCAP) is a public listed company (KLSE Code: 7676) with stakes in more than 20 companies from various sectors across the country. GCAP has evolved from its roots in latex concentrate trading to expanding into land-based passenger transportation and, more recently, renewable energy (RE). The Group started its venture into the RE sector in 2013 by acquiring Perak Hydro Renewable Energy Corporation Sdn. Bhd. (PHREC) and is now known for its active involvement in the development and operation of small hydropower plants in Perak, Pahang and Sabah. GCAP is already in the midst of developing an approximate total installed capacity of 300 Megawatts (MW) of hydropower plants in Perak and Pahang, with the potential of generating not less than RM 12 billion in revenue in Perak alone, and plans to start developing another 200MW in Sabah in the very near future.
Perak Hydro Renewable Energy Corporation Sdn Bhd (PHREC) PHREC is a joint venture company owned by GCAP and Menteri Besar Incorporated (Perak) on a 60:40 basis. PHREC is an exclusive concessionaire mandated by the Perak State Government to be the master developer and overall coordinator of the development of small hydropower plants in the Perak state.
A brief overview of their small hydropower projects: - -3 active sites (29MW) in operation and generating stable revenue. -10 sites (84.05MW) in various stages of development with secured 21-year renewable energy power purchase agreements (REPPA) with Malaysia’s largest electric utility, Tenaga Nasional Berhad (TNB) -More than 200 MW to be developed
GCAP's close ties and strong connections with the Perak state government are evident through PHREC. As the dominant player in the RE sector in Perak and substantial presence in various other states, PHREC enjoys a virtual upper hand. This privileged position gives GCAP a distinct advantage, as they can leverage their exclusive access to development opportunities and favourable government relations to generate considerable returns. With a stronghold on the Perak market, GCAP is poised to unlock significant growth and capitalize on the untapped potential of the region's RE sector.
Future Prospects The recent approval by the Malaysian Cabinet of various measures and initiatives, jointly proposed by the Ministry of Natural Resources, Environment and Climate Change and the Ministry of Economy, underscores the government's commitment to bolstering the local RE sector. The government's unwavering commitment, coupled with the implementation of favorable policies and incentives, presents a golden opportunity for GCAP to soar to new heights in its endeavors. With the country poised to witness a surge in renewable energy projects, GCAP’s alignment with the national focus on increasing RE production and reducing carbon emissions positions the company for tremendous growth and success.
As Malaysia aims to achieve 70% renewable energy in its energy mix by 2050, there are ample opportunities for companies like GCAP to contribute to the country's sustainable energy goals and concurrently drive the company’s growth as a key player in the industry. This optimistic outlook not only offers GCAP the chance to contribute to a greener and more sustainable future for Malaysia but also presents the opportunity to generate significant returns. While GCAP capitalizes on the supportive government policies and taps into the growing RE market, the company stands at the forefront of the nation's transition towards renewable energy, fueling its own growth and success in the process.
Renewable energy solution provider G Capital Bhd has partnered with Hong Kong-based CCIAM Logistic Company Limited to raise RM325 million for its small hydropower projects in Pahang.
********* Noni
Pattern same same, all kena. ---------------------------------------------- Noni 2027 laughters. Give it a rights issue before that, we can cry.
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....
cashsssss
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Posted by cashsssss > 2021-11-02 13:50 | Report Abuse
come on , i at RM1 high floor .. any stuppit wanan eat my ticket ?