G Capital Bhd (GCAP) has joined forces with Hong Kong-listed CCIAM Future Energy to raise RM325 million for its 26MWac small hydropower projects in Pahang.

This collaboration is aimed at expediting the development of GCAP's renewable energy portfolio and includes a 21-year renewable energy (RE) power purchase agreement with Tenaga Nasional Bhd (TNB).

CCIAM Future specialises in energy-saving solutions as well as financial investment and loan financing businesses.

GCAP's wholly-owned subsidiary, Northern Star Hydropower Sdn Bhd (NS Hydropower), has signed a memorandum of understanding (MoU) with CCIAM Future's subsidiary, CCIAM Logistic Company Limited, outlining plans for clean energy solutions development.

Within 60 days, a comprehensive agreement is expected, with CCIAM Logistic acting as the principal arranger to raise funds for NS Hydropower's projects in Pahang.

This collaboration also involves implementing robust environmental social governance (ESG) strategies.

GCAP's executive chairman, General (R) Tan Sri Datuk Sri Haji Affendi Buang, views the partnership as a gateway to global green capital for GCAP's small hydropower portfolio.

"CCIAM Future Energy perfectly aligns with our vision for a sustainable future. Their expertise and presence at HKEX bridge the gap between China and international markets. This partnership, Insya-Allah, will deliver significant benefits for all," stated Affendi.

"This strategic partnership is set to accelerate Malaysia's transition to clean energy by attracting foreign direct investment, driving economic growth, and advancing the nation towards carbon neutrality," he added.