KUALA LUMPUR: Kejuruteraan Asastera Bhd, (KAB) by way of its wholly-owned firm, KAB Gree Solar Sdn Bhd and Mydin Mohamed Holdings Bhd (Mydin) have signed an influence buy settlement (PPA) to develop a renewable vitality asset for Mydin in Kelantan.

Under the PPA, KAB Gree Solar will design, assemble, set up, personal, function and keep a grid-connected solar photovoltaic (PV) vitality system on the roof of the open automotive park of the Mydin Tunjong Hypermarket.

KAB managing director, Datuk Lai Keng Onn stated the PPA permits the group to help Mydin’s dedication to the long run technology, which emphasises the significance of a sustainable working atmosphere.

“This long-term contract with such a dedicated retailer is in line with our technique of partaking with organisations that share the identical worth,” he stated in a press release right this moment.

Under section one of many PPA, KAB will present Mydin with as much as 2,041.65 kilowatts peak (kWp) of solar electrical energy in whole all through the time period of the settlement.

Meanwhile, Mydin is predicted to generate roughly 66 million kilowatts per hour (kWh) in vitality financial savings, and roughly 38,650 tonnes of carbon dioxide equal (CO2e) are prevented over a 21-year interval.

Under section two, KAB will develop an additional 2,064.40 kWp as soon as the phrases and implementation timeline are finalised.

“We have at all times been on the lookout for a possibility to work collectively with organisations which can be eager to cut back their carbon footprint, and now we have achieved this efficiently by constantly partaking with firms that share related aspiration with us,” stated Lai.

The group stated the PPA is absolutely aligned with KAB’s long-term technique to develop renewable vitality belongings as one in every of its key development drivers.

To-date, it has introduced varied renewable vitality initiatives by way of strategic collaboration with corporations within the ASEAN area. – Bernama