AGNI SEES AMPLE GROWTH OPPORTUNITY FOR RENEWABLE ENERGY SECTOR IN ASIA

BY SITI RADZIAH BT HAMZAH

KUALA LUMPUR, April 15 (Bernama) -- AGNI Inc, a global leader in the field
of renewable and alternative clean energy technology, sees ample growth
opportunities in Asia for the renewable energy sector.

Its senior vice president of investments and business development, Mohammed
Afique Logaraja Abdullah said the group was currently looking to expand its
business in Asia.

"We are planning to do so in a very serious way," he told Bernama in an
interview recently, adding that, the group was looking to penetrate Thailand,
Indonesia, India and the Middle East.

AGNI is currently in talks with several parties in the areas mentioned and
is expecting to make a breakthrough by the second or third quarter of this year,
Afique disclosed.

He also said that the renewable energy sector in Asia was relatively new
compared to Europe and America, where there is a lot of development and greater
awareness.

"However, a lot of governments in Asia have started looking seriously at
promoting renewable energy. So, there will be a lot growth in Asia and Malaysia
too," he explained.

He said, the group's order book in Asia in terms of capital expenditure
cost,was in the region of US$70 million (US$1=RM3.61)

AGNI designs, builds and operates renewable energy plants with operations in
the United States, Europe and Malaysia.

The company is at present constructing three biomass-to-energy plants in
Sarawak and Pahang.The plants are expected to be completed by 2010.

"In Malaysia, we are looking at building at least two or three more
power plants by this year. We are looking mainly at Pahang (east coast state)
and Johor (southern state)," he said.
-- BERNAMA