Pestech International, a Malaysian company that specialises in solar power technology and infrastructure, has expanded its presence in the Kingdom.
The Edge Markets reported yesterday that Pestech has acquired a 94 percent stake in Green Sustainable Ventures (Cambodia). The investment is worth $4 million, according to the same report.
The Cambodian investment was included in the company’s latest filing with Bursa Malaysia (Malaysian Stock Exchange).
The move gave Pestech “super-majority rights” to a 20-MW solar farm project under development in Bavet city in Svay Rieng province. The project, which will occupy 30 hectares of land, is to generate 4.67 million kilowatt-hours per year.
Jose Rodriguez T. Senase