Bina Puri Holdings Berhad (BPHB) that holds a majority stake in PT Megapower Makmur has obtained a term loan of RM 23.29 million (1 RM [Malaysian ringgit] = $0.33) for the power company from Bangkok Bank Berhad. PT Megapower will be using the loan proceeds to part-finance the development and operations of its 4.2 MW mini hydropower plant. Meanwhile, BPHB has rejected Oriented Media Group Berhad’s proposal to acquire an 80 per cent equity interest in PT Megapower.
