KPower ("Board") announced that KPower Engineering Sdn Bhd (formerly known as Hypergize Link Sdn Bhd) ("KPEng"), a wholly-owned subsidiary of KPower, has on 26 April 2021 accepted the letter of award for contract works of approximately RM510,000,000 from: Cabaran Hijau Sdn. Bhd. ("CHSB") to undertake amongst others, the engineering, design, procurement, construction, commissioning and completion of a 18.7 MW mini hydro power plant in Sg. Jelai Kecil, Mukim Jelai, Daerah Lipis, Pahang Darul Makmur, for a contract price of RM199,159,192.83 ("Project 1") ("LOA 1"); Selat Serasi Sdn. Bhd. ("SSSB") to undertake amongst others, the engineering, design, procurement, construction, commissioning and completion of a 13.9 MW mini hydro power plant in Sg. Telom, Mukim Hulu Telom, Cameron Highland, Pahang Darul Makmur, for a contract price of RM148,038,116.59 ("Project 2") ("LOA 2"); Denai Delima Sdn. Bhd. ("DDSB") to undertake amongst others, the engineering, design, procurement, construction, commissioning and completion of a 12 MW mini hydro power plant in Sg. Lemoi, Mukim Hulu Telom, Cameron Highland, Pahang Darul Makmur, for a contract price of RM127,802,690.58 ("Project 3") ("LOA 3"); and Koridor Mentari Sdn. Bhd. ("KMSB") to undertake amongst others, the engineering, procurement, construction, commissioning and completion of a 5.25 MW mini hydro power plant along Sg. Kampar, Kampar, Perak Darul Ridzuan, for a contract price of RM35,000,000 ("Project 4") ("LOA 4"). For avoidance of doubt, the LOA 1, LOA 2, LOA 3 and LOA 4 are not inter-conditional upon one another. CHSB, SSSB, DDSB and KMSB ("Project Companies") and KPEng shall enter into definitive agreements within sixty business days from the date of acceptance of Project 1, Project 2, Project 3 and Project 4 (where relevant) or such other extended period as determined by them. The technical requirements of Tenaga Nasional Berhad on the interconnection facilities, specifications and/or drawings relating to the projects shall be included in the relevant definitive agreements. LOA 1, LOA 2, LOA 3 and LOA 4 shall collectively be referred to as the "Contracts".