Wah Seong Corp Bhd is expanding its renewable energy division, with plans to build a network of biomass generated power plants in Asean, Africa and Latin America.
Group chief executive Chan Cheu Leong told StarBiz the group aimed to build a whole network of plants globally, “possibly 20 to 30 of them” in the next five to ten years. He was confident the group would develop into a significant player in the agro-based renewable energy industry worldwide.
The first two plants to be built overseas would be in Cambodia and Congo. Although plans had not been finalised, the intention was to build a 3MW-5MW capacity plant in Congo and another one with a capacity no bigger than 10MW in Cambodia, Chan said.
“Usually, the cost to build a plant is about US$1.2mil-US$1.5mil per MW,” he said of the capex. That would indicate that Wah Seong was ready to spend up to US$22.5mil (RM69.5mil) for the two plants.
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