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Vibropower Corporation Limited ( (SG:BJD) ) has provided an announcement.
Vibropower Corporation Limited has announced the reactivation of its biomass power plant in Sandakan, Malaysia, aimed at expanding its clean energy business. The company secured a Renewable Energy Power Purchase Agreement with Sabah Electricity Sdn Bhd to sell electricity generated by the plant. Utilizing empty fruit bunches as its primary fuel source, the plant is set to enhance its capacity for electricity production with a maximum capacity of 11.5 MW. The reactivation marks a significant step in Vibropower’s strategic growth in the renewable energy market.
More about Vibropower Corporation Limited
Vibropower Corporation Limited, incorporated in Singapore, operates in the clean energy sector with a focus on biomass power generation. The company, through its subsidiaries, aims to expand its business by upgrading its biomass power plants to process sludge oil and generate electricity for commercial sale.
YTD Price Performance: -15.79%
Average Trading Volume: 53,580
Technical Sentiment Consensus Rating: Buy
Current Market Cap: S$1.18M
See more insights into BJD stock on TipRanks’ Stock Analysis page.