KUALA LUMPUR (Feb 2): Reservoir Link Energy Bhd shares advanced by half a sen to 36.5 sen each on Thursday morning (Feb 2), with 340,200 shares traded, after its wholly owned subsidiary Skyline Energy Sdn Bhd entered into a term sheet to acquire a 90% stake in Indonesia’s PT Eco Power Engineering (EPE) for RM12.81 million.

EPE is expected to enter into a power purchase agreement with state-owned company PT Perseroan Listrik Negara (PLN) for a 9.6-megawatt mini hydro power plant.

PLN is a company tasked with supplying the electricity needs of the Indonesian people.

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Reservoir Link to acquire 90% stake in Indonesian mini hydro plant project