KAB signs PPA to give 2 MW of solar to Malaysian store
- Malaysian electrical as well as mechanical engineering business Kejuruteraan Asastera Bhd (KLSE: KAB) has actually authorized a 21-year power purchase agreement (PPA) to provide regarding 2 MW of solar to local hypermarket as well as retail group Mydin Mohamed Holdings Berhad.
Under the agreement, authorized by KAB via its subsidiary KAB Gree Solar Sdn Bhd and also reported today, KAB will create, build, own and also run a 2,041.65-kWp grid-connected solar photovoltaic (PV) array on the roof covering of the open car park of Mydin Tunjong Hypermarket in Kelantan.
This notes the first phase of the project as well as is scheduled to be followed by a 2nd phase of 2,064.4 kWp.
The PPA follows in 2021 KAB obtained a letter of honor from Mydin for the development of a 4-MW roof solar system to offer its requirements at the store in Tunjong.
"KAB has actually been developing our renewable resource portfolio in Vietnam, Indonesia as well as Thailand, so we are always delighted to be able to do the same back right here," said KAB taking care of director Dato' Lai Keng Onn.