reNIKOLA to Invest Over $240 mln in Compressed Biomethane Gas Projects in Indonesia

RENEWABLE ENERGY - SINGAPORE. Malaysia's reNIKOLA Holdings is planning to invest over $240 million to develop 40 compressed biomethane gas projects in Indonesia, the renewable energy company said on Monday in a statement.

The Kuala Lumpur-headquartered company said its subsidiary PT reNIKOLA Primer Energi planned to develop the projects with PT Perkebunan Nusantara IV, a division of Indonesia's state-owned agricultural enterprise Perkebunan Nusantara.