213 F INANC IAL Statements Sect ion 05 Annual Report 2022 NOTES TO THE F INANC I AL STATEMENTS For the year ended 31 December 2022 22. INVESTMENT IN ASSOCIATES (Contd.) The Group had fully impaired its investment in Tawau Green Energy Sdn. Bhd. (“TGE”) in prior year as a result of the cancellation of the Renewable Energy Purchase Power Agreement initially awarded to TGE as announced by the Ministry of Energy, Science, Technology, Environment and Climate Change in August 2018. The amount due from an associate represents advances to the associate which is unsecured, interest-free and is not expected to be repayable within the next 12 months. (a) Details of the Group’s associates were as follows: Name Country of incorporation / Principal place of business Principal Activities % of ownership interest held by the Group Accounting model applied 2022 2021 Held by RCSB: Tawau Green Energy Sdn. Bhd. 1 Malaysia To develop, construct and maintain a geothermal power plant 26.7 26.7 Equity method Held by RWTC: Ranhill Water (Hong Kong) Ltd. (“RWHK”) 1 Hong Kong To undertake investment holding activities and provision of consultancy, project management, operation and maintenance services relating to wastewater treatment plants 40 40 Equity method Held by RWHK: Ranhill Water (Wuhan) Co. Ltd. (“RWW”) 1 China To promote management services, marketing, development and technical services 40 40 Equity method Ranhill (Yingkou) Wastewater Treatment Co. Ltd. 1 China To undertake wastewater treatment services for Yingkou Economic & Technology Development Zone 40 40 Equity method Ranhill (Xinxiang) Wastewater Treatment Co. Ltd. 1 China To undertake wastewater treatment services for Xinxiang Industrial Park 40 40 Equity method Held by RWW: Ranhill (Nanchang) Wastewater Treatment Co. Ltd. 1 China To undertake wastewater treatment services for Xiao Lan Economic Development Zone 40 40 Equity method Ranhill (Hefei) Wastewater Treatment Co. Ltd. 1 China To undertake wastewater treatment services for Hefei Chemical Industrial Park 40 40 Equity method Ranhill (Fuzhou) Water Co. Ltd. 1 China To undertake water, reclaimed water and wastewater projects in Yihuang Industrial Park 40 40 Equity method Ranhill (Wanzai) Water Co. Ltd. 1 China To undertake water, reclaimed water and wastewater projects in Wanzai Industrial Park, Yichun City 40 40 Equity method
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