23rd Jun 2015 09:39
LONDON (Alliance News) - Resource Holding Management Ltd on Tuesday said PUC Founder Bhd has signed a renewable energy power purchase deal with Malaysian electric utility Tenaga Nasional Bhd.
Under the deal, PUC Founder's MaxGreen Energy Sdh Bhd subsidiary will supply and deliver solar photovoltaic renewable energy to Tenaga under a 21-year feed-in tariff concession.
Resource Holding's RedHot Media International Ltd unit holds a 46% stake in PUC Founder.
Shares in Resource Holding were untraded Tuesday, having last traded at 6.55 pence.
By Sam Unsted; [email protected]; @SamUAtAlliance
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