TECO Acquires Malaysia's NCL Energy to Enter Southeast Asia's Data Center MEP Engineering Market [Yahoo! Finance]
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Source: Yahoo! Finance
Lumpur, Malaysia , with local MEP engineering company NCL Energy Sdn Bhd (hereinafter referred to as NCL). TECO will acquire an 80% stake in NCL, becoming its largest shareholder and jointly expanding into Malaysia's MEP engineering market for data centers and renewable energy. (PRNewsfoto/TECO Electric & Machinery Co.) TECO Chairman Morris Li stated that Malaysia has introduced a series of power infrastructure and renewable energy policies. With its low electricity costs, vast land availability, and strategic location near Singapore Malaysia has attracted significant investment in data center construction, making it the country with the highest number of new data centers in Southeast Asia . This acquisition aligns with TECO's strategy of focu
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