PUTRAJAYA, Sept 10 (Bernama) -- The Ministry of Energy Transition and Water Transformation (PETRA) has received Letters of Undertaking from 13 project developers under the LSS PETRA 5+ Programme (Large Scale Solar Energy Transition SuRiA Additional Round Five).
The project developers were selected through the open bidding process managed by the Energy Commission, based on their competitive offers and compliance with the set criteria.
Results from the open bidding process, announced on Sept 2, saw the 13 bidders securing quotas to develop large-scale solar (LSS) power plants across the country.
The plants are expected to begin operations as early as 2027.
“These projects are estimated to have an investment potential of more than RM6 billion and are expected to create up to 12,000 jobs in the local renewable energy (RE) industry,” PETRA said in a statement today.
According to the ministry, the submission of the Letters of Undertaking reflects the developers’ commitment to implement and complete the projects within the stipulated timeframe, while ensuring compliance with the project schedule.
The list of approved developers includes Equinox Solar Farm Sdn Bhd; Abu Dhabi Future Energy Company P.J.S.C. (MASDAR), Citaglobal Renewable Energy Sdn Bhd and TIZA Global Sdn Bhd Consortium; Fabulous Sunview Sdn Bhd and Cypark Renewable Energy Sdn Bhd Consortium; Malakoff Corporation Bhd and Solarvest Holdings Bhd Consortium; as well as Leader Energy Ventures Sdn Bhd.
Since it was launched in 2016, the LSS Programme has been a key driver in developing Malaysia’s RE industry.
To date, 121 LSS projects have been approved with a total capacity of 6,228 megawatts and an estimated investment value of more than RM21 billion.
“The implementation of this programme is in line with the ministry’s goal of raising the share of RE in the national electricity supply mix to 70 per cent by 2050, supporting the energy sector’s carbon reduction commitments, the Malaysia MADANI sustainability agenda, and the growth of the country’s green economy,” the ministry said.
-- BERNAMA
