BUSINESS

KAB WINS SOLAR POWER JOBS FROM MYDIN, FT HOSE

26/07/2021 02:59 PM

KUALA LUMPUR, July 26 -- Kejuruteraan Asastera Bhd’s (KAB) wholly-owned subsidiary KAB Smart Solar Energy Sdn Bhd (KSSE) has secured solar power jobs from Mydin Wholesale Emporium Sdn Bhd and FT Hose & Hose Sdn Bhd.

Managing director Datuk Lai Keng Onn said the company is looking forward to creating a positive impact with Mydin Wholesale Emporium and FT Hose by promoting initiatives towards sustainable development.

“We are determined to rapidly grow our business in the area of green energy solutions and support Malaysia’s commitment to achieving 20 per cent renewable energy usage in its energy mix by 2025.

“From a business perspective, these power purchase agreements (PPAs) are also beneficial to us as they will continue to provide us with a stable long-term recurring income,” he said in a filing with Bursa Malaysia today.

The electrical and mechanical engineering company said KAB will install a solar system with an estimated capacity of 4,000-kilowatt peak (kWp) at the largest Mydin mall in Malaysia, Mydin Mall Tunjong in Kelantan, to generate approximately 142 million kilowatt-hours (kWh) of renewable electricity.

The project is expected to reduce energy cost by about RM50 million and neutralise 33,105 tonnes of carbon dioxide emission over 25 years.

Under the agreement with FT Hose - two solar systems will be installed in Ipoh, Perak with 521 kWp and 450 kWp respectively, to generate around 32 million kWh of renewable electricity, reduce energy cost by RM15 million and neutralise 7,460 tonnes of carbon dioxide over 25 years.

The company said both the solar projects are scheduled to achieve a commercial operation date by the third quarter of 2022.

To date, KAB has a combined installed capacity of 10,463-kWp photovoltaic solar systems, which include the recent PPAs signed with Tanaosree Thai Chicken Co Ltd, Aapico PCL and Roongthavorn Plastic Co Ltd.

-- BERNAMA


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