KOTA KINABALU, April 16 -- The agreement for the 170MW hydropower plant dubbed Project Oriole in Sabah's west coast should be finalised by mid-2024 to meet the completion deadline of 2028, said Jentayu Sustainable Bhd chief executive officer Baevinraj Thiagarajah.

He said the company has begun the pre-development work to secure land and lay the groundwork for the run-of-river hydropower project, but has yet to commence construction.

"In essence the work has started but we have not secured the final PPA requirements to achieve financial close for the project," he said.

Jentayu has spent RM73.67 million in completing consultations with the federal and state governments, securing land, water use rights, building infrastructures to access ...