On 20 Oct 2022, Cambodian Transmission II Co., Ltd. (CTL-2), a wholly-owned subsidiary of Leader Energy has entered into a business transfer agreement with Diamond Power Ltd. (DPL), a 60% owned subsidiary of Pestech International Berhad to acquire the 230kV Kampong Cham-Kratie Transmission System in Cambodia as a going concern business.
The 25-year build-operate-transfer transmission system from DPL will become our second significant transmission project in our energy portfolio, and it will continue to power up Kampong Cham and Kratie, as well as transmitting electricity from the Lower Se San 2 hydropower plant in Stung Treng to Kratie.
Leader Energy’s green energy investment portfolio will continue to expand and be in line with the net zero emission goals while powering up cities in Asia Pacific for a sustainable environment and future.
Related News link:
• Pestech inks deal to dispose of concession – The Star, 21 Oct 2022 – Read more
• Pestech’s unit disposes of transmission system project in Cambodia – The Edge Markets, 20 Oct 2022 – Read more