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apple developer enterprise account for rent:HSS Engineers allocates RM15mil for RE venture

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The engineering and project management consultant said it was revising its IPO proceeds to align its future plans with the government’s sustainability agenda and evolving regional landscape. PETALING JAYA: HSS Engineers Bhd has proposed to channel RM15mil from the balance of its initial public offering (IPO) proceeds towards renewable energy (RE) venture to form recurring income business. The engineering and project management consultant said it was revising its IPO proceeds to align its future plans with the government’s sustainability agenda and evolving regional landscape. “The group is currently exploring and evaluating new projects and opportunities in relation to the local RE sector, which includes solar and wind energy, waste to energy, small hydro and biomass/biogas plants, ” it said in a statement. “The group has participated in various RE tenders including the Net Energy Metering (NEM) for industrial factories or hypermarkets, Large Scale Solar @ MEnTARI (LSS) and small hydro projects in Malaysia, ” it added. Of the balance RM18mil in IPO proceeds as at Dec 23, the group has increased the proposed portion for the recurring income and long-term contracts to RM15mil from RM12mil previously.
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