Neo Tiew Power, incorporated in February this year, will carry out an agreement between Acropower and Chew's Agriculture to set up the waste-to-energy plant on Chew's Agriculture's new poultry farm. The plant will process and convert waste from the farm into biogas, which will be used to generate electricity to be supplied back to the farm at agreed prices.
The earlier agreement between Chew's Agriculture and Acropower was novated to the joint-venture company on June 16, Acromec said in its statement. Lim Say Chin, executive chairman and managing director of Acromec, said he hopes the joint-venture agreement between Acropower and Nutura will mark the start of a long-term partnership in green technology and sustainable energy.
He added:"This is yet another milestone in Acromec's renewable energy business. We are riding on the global trend which sees the world moving towards increased reliance on renewable energy sources, and we are confident that this sector is ripe with potential."BT is now on Telegram!