12 December 2022

Zul Rafique & Partners’ Capital Markets and M&A Practice Group’s Partner,
David Lee,
advised ERS Energy Sdn Bhd and its shareholders in Gamuda Berhad’s investment of RM200mil into ERS Energy Sdn Bhd.

ERS Energy Sdn Bhd is a leading solar engineering, procurement, construction, and commissioning company in the ASEAN region. ERS Energy is developing a 39MW solar power plant under the New Enhanced Dispatch Arrangement (NEDA) framework, which will form the base of the recently announced Corporate Green Power Programme (CGPP).

Gamuda Berhad’s investment into ERS Energy Sdn Bhd will see both parties forging a strong collaborative partnership in renewable energy (RE), leveraging on each other's expertise and track records.

This deal was reported in:

The Star on 7 December 2022, HERE.

The Edge on 7 December 2022, HERE.

For more insights into this area of law, please contact our Partners:
Corporate/Mergers & Acquisitions:
Jerry Ong Kok Wah
Cathryn F L Chay
David Lee Lai Huat

Chin Lit Fwu

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