In a filing to Bursa Malaysia today, the company said the contract involves the erection of a net 36 megawatt energy from waste power plant for its Peterborough Green Energy Project in the UK.
KNM said the contract is for a period of 37 months from the commencement date of the construction, which is expected to commence in first quarter of 2018.
It said upon successful completion and commissioning of the plant, the project is expected to yield positive returns in line with KNM’s long term strategic direction of generating sustainable and recurring income streams from its renewable energy businesses for the Group.