BUSINESS

KAB enters 20-year solar PPAs with Nextgreen Pulp and Paper

14/11/2022 02:45 PM

KUALA LUMPUR, Nov 14 (Bernama) -- Engineering and energy solutions provider Kejuruteraan Asastera Bhd (KAB) via its wholly-owned company, KAB Core Connect O&M Services Sdn Bhd, has entered into two 20-year solar power purchase agreements (PPAs) with Nextgreen Pulp and Paper Sdn Bhd, a subsidiary of Nextgreen Global Bhd.

KAB said the PPAs were to design, construct, install, own, operate and maintain solar photovoltaics (PV) systems with a total combined capacity of 3,387-kilowatt peak (kWp) on the rooftops of multiple production plants and buildings at Nextgreen Pulp and Paper’s Green Technology Park in Pekan, Pahang.

“The implementation of the solar PV project will kickstart Nextgreen Pulp and Paper’s initiative to build a Zero Waste Sustainable Industrial Zone as well as integrate renewable energy into its operations,” it said in a statement today.

It said Nextgreen Pulp and Paper would also purchase the solar PV energy generated and the PPAs are expected to contribute to KAB’s financial performance in 2023 upon their completion within nine months of installation commencement.

KAB said the solar PV systems would be installed in two phases with Phase 1 and Phase 2 having installed capacities of 2,507 kWp and 880 kWp, respectively, and would provide 88,789 megawatt hours (MWh) in energy savings and reduce 51,942 metric tonnes of carbon dioxide equivalents (tCO2e) over the next 20 years.

It said currently, KAB has 11 operational solar PV contracts in Malaysia and Thailand with a combined installed capacity of 12,931 kWp as well as co-generation and waste-heat-recovery facilities.

Managing director Datuk Lai Keng Onn said the solar PV contracts with Nextgreen Pulp and Paper are designed to enhance the energy efficiency and sustainability of its manufacturing operations and support its aspiration of achieving a green economy.

“We look forward to future collaborations in providing a wider range of sustainable energy solutions expertise as Nextgreen Pulp and Paper continues to develop its sustainable Green Technology Park.

“This will enable us to contribute as an integral solutions provider to Nextgreen Pulp and Paper’s pioneering model to integrate renewable energy and zero-waste technology for sustainable industries in Malaysia,” he added.

-- BERNAMA

 

 


BERNAMA provides up-to-date authentic and comprehensive news and information which are disseminated via BERNAMA Wires; www.bernama.com; BERNAMA TV on the Astro 502, unifi TV 631 and MYTV 121 IFLIX channels and BERNAMA Radio on the FM93.9 (Klang Valley), FM107.5 (Johor), FM107.9 (Kota Kinabalu) and RM100.9 (Kuching) frequencies.

Follow us on social media :
Facebook : @bernamaofficial, @bernamatv, @bernamaradio
Twitter : @bernama.com, @BernamaTV, @bernamaradio
Instagram : @bernamaofficial, @bernamatvofficial, @bernamaradioofficial
TikTok : @bernamaofficial

© 2023 BERNAMA   • Disclaimer   • Privacy Policy   • Security Policy