EnBio (TYO:6092) said one of the invested firms of Alamport Renewable, a company it co-manages through subsidiary Taiyoko Park Ni with Alamport, has secured new investment from Electric Power Development, operating as J-Power.
The invested company is Mulya Energi Lestari (MEL), which develops hydropower plants in Indonesia managing six projects in Sumatera, according to a Wednesday filing.
The new capital from J-Power, which now holds a 28.375% stake in MEL through its sub-holding company, will support the development of four of its six projects.
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