Sarawak Cable Berhad (KLSE:SCABLE) intends to sell its mini hydropower plant projects in Indonesia. The company is currently in talks to rope in a Singapore-listed construction company for a potential stake sale of its mini hydro plants there. “The Kombih III hydro plant is 100% owned by us, [and] so, we are looking to sell up to [a] 20% stake in the Indonesian project to boost its capital levels, as well as to help reduce our parent group's gearing,” Aaron Toh Chee Ching, managing director and chief executive officer, said.

“We expect both plans (sale of APL and finding equity investors for its hydro power plant projects) to materialize, the sooner the better." “The potential partner has also shown its interest [to take up stakes] in the other two plants (lined up), whose development cost is about MYR 80 million each,” he said.