Jentayu receives approval for 162MW hydropower plant in Sabah
Jentayu Sustainables Bhd won Sabah approval for Project Oriole, a 162MW hydropower plant set to cost RM270 million annually once operational, the company said in a Bursa Malaysia filing.
Source: Jentayu Sustainables Berhad · August 4, 2026 at 11:02 PM · AI-assisted report
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SABAH, 5 AUGUST 2026 —
Jentayu Sustainables Bhd won Sabah approval for Project Oriole, a 162MW hydropower plant set to cost RM270 million annually once operational, the company said in a Bursa Malaysia filing.
Market Impact
The Energy Commission of Sabah issued the Letter of Notification for the run-of-river plant in Sipitang, Jentayu said on Monday. The project will add 162MW of capacity to Sabah’s grid, matching its expected annual revenue.
Jentayu plans to fund the plant with an 80:20 debt-to-equity mix, though key financing terms are still undecided. It has already spent RM82.3 million on development costs, which it will count toward the equity portion.
The project carries a 20-year power purchase agreement with Sabah Electricity Sdn Bhd, according to the filing. Jentayu said the plant will contribute positively to earnings once online.
Project Oriole marks the company’s entry into renewable energy after shareholders approved diversification on Dec 18, 2020. Jentayu secured development rights in 2021 as part of its renewable-energy growth plan.
Jentayu did not disclose a commercial operation date, projected margins or financing details. It will update the market once funding is finalised, the filing showed.
Related: Jentayu Sustainables Bhd · Energy Commission of Sabah · Sabah