Corporate digest

Charisma Energy

RISING Sun Energy, which Charisma Energy owns together with Singapore solar firm Sunseap International and an Indian partner, will be building a solar farm in India with a capacity of 140 megawatts at peak conditions. It will also have a 25-year contract to supply power to National Thermal Power Corporation, said Sunseap. To be funded through internal resources and debt financing, the project is expected to start commercial operations in the second quarter of next year and will generate some US$80.9 million in revenue in the first five years, Charisma said on Wednesday.

Koh Brothers

Engineering solutions provider Koh Brothers Eco Engineering Limited, a subsidiary of Koh Brothers, said on Wednesday that it has secured contracts worth S$35.4 million during the financial year ended Dec 31, 2015. The company's Oiltek subsidiaries - Oiltek Sdn Bhd and Oiltek Nova Bioenergy Sdn Bhd - and its Singapore division contributed S$23.9 million and S$11.5 million respectively. As at Nov 30, 2015, Koh Brothers Eco's outstanding orderbook stands at some S$48.8 million.

Swiber Holdings

SWIBER Holdings' wholly-owned offshore construction subsidiary has acquired 38 per cent of Deltatek Offshore for 9,500,001 Nigerian naira (US$47,679, S$68,590). Deltatek, a company incorporated in Nigeria, will be principally engaged in providing offshore engineering, procurement, construction, installation and commissioning services in the Sub-Saharan African region.