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recap.. , 21 February 2024 – A consortium led by Citaglobal Bhd, Citaglobal
Reneuco Energy Solution Sdn Bhd (CREES) has accepted a conditional letter of award (CLOA)
Malaysia Rail Link Sdn Bhd (MRL) as the 30-year exclusive concessionaire to provide electricity
and renewable energy for the East Coast Rail Link (ECRL) network that spans over 665km from
Kota Bahru, Kelantan to Port Klang, Selangor. This concession, which comprises the provision of electricity to both traction and non-traction
...concession, which comprises the provision of electricity to both traction and non-traction of
the ECRL Network, also includes the development and construction of transmission and interconnection facilities valued at RM600 million. These facilities are expected to be completed
and commissioned in stages from early to mid-2026.
CREES is a consortium of two companies comprising Citaglobal with a 60% shareholding and
Reneuco Bhd holding the remaining 40%.
I don't think funding is the problem. if ECRL going well, I think many financial will interest to join in this company. The important is, must find good managment team first.
hwong. u rite agreed....reneuco just play cool...at pitstop schedule....and accumulating at low... pushing slowly as not to trigger uma...its going to be happening soon.....
