China’s first electric public listed company with a market cap of RM4 billion, Tellhow International has chosen Malaysia as its Southeast Asia base for renewable energy. The group will be partnering KPower Berhad to offer engineering, procurement, construction, and commissioning (EPCC) and technological services in Sabah.
Tellhow specialises in investment, EPCC and financing services to local renewable energy players in the market, its executive director for Malaysia Eric Low Teck Eng said, “Our aim as a foreign player in the Malaysian market is to provide support to local Malaysian energy players through our value added technology services, investment, and financing to execute their projects successfully and support Malaysian players in growing their asset portfolios.The post-pandemic environment, with hiked up construction costs and overall inflation, invites opportunities for foreign investors and contractors like Tellhow to revitalize local markets through financing, investment and technology transfer.”
According to Karen Li Xinxing, CEO of Tellhow International, she adds that Southeast Asia is a promising ground for development and investment in renewable energy power plants. The group has to date provided investment and EPCC with financing solutions to projects in Angola, Australia, Mozambique, Bangladesh, Brazil, Congo, South Africa, Pakistan, Myanmar, and Ethiopia.
The interest to enter the Malaysian market was mainly to address the government’s plans to increase the share of renewable energy in its installed capacity to 40% in 2035, to this effect Tellhow International has set its sights on building a firm base in Malaysia and plans to finance 300MW of renewable energy projects worth RM3 billion over the next 5 years.
The group has also chosen the Malaysian office as its Southeast Asia base making it as one of the four regional offices around the world.