Camco International, the Aim-listed emission reduction and green energy developer, saw its shares surge as much as 40pc in early trading on Monday on news it had formed a joint venture with the Malaysian government’s investment arm.
The company will link up with Khazanah Nasional in a $46m (£29m) project, investing in clean energy projects and offering carbon development and advisory services across the region.
Camco helps deliver clean energy projects across the developing world to reduce greenhouse gas emissions under the United Nation’s Kyoto Protocol. The company will contribute existing projects in South East Asia - excluding China - to the new venture.
Scott McGregor, Camco’s chief executive, said: “The joint venture will leverage Khazanah’s unrivalled local expertise, which will open a whole new vista for our operations in the region.”
Shares in the company closed up 3½ at 18p.
