KUALA LUMPUR: Diversified process equipment manufacturer KNM Group Bhd expects to see 70 per cent of its revenue flowing from renewable energy within the five years beginning 2017. Its renewable energy business will be mostly derived from its Thailand-based business unit, Impress Ethanol Co Ltd (IEL), of which KNM Group is a majority shareholder with a 72 per cent stake. "By having a source of recurring income through our renewable energy business, we will be able to achieve more stability in our income stream, rather than be impacted again and again by economic cycles," she said. "Thus, within five years from 2017, we are expecting to have up to 70 per cent of our income coming from our renewable energy unit in Thailand, as well as some parts of the United Kingdom," Lee added. The first tranche of the THB2.78 billion programme is expected to be issued by the end of this year.

Source: New Strait Times October 10, 2016 04:07 UTC