PETALING JAYA: Majuperak Holdings Bhd today entered into a joint venture (JV) agreement to market and propose solar photovoltaic generating system (SPS) utilising the Net Energy Metering (NEM) scheme, to provide a supply of renewable energy for buildings in the state of Perak.
The agreement was inked between Majuperak Power Resouces Sdn Bhd, a wholly-owned subsidiary of Majuperak Holdings, and United Solar Energy (Malaysia) Sdn Bhd (Usem), a company in the renewable energy industry with both local and Australian expertise, specialising in solar technology.
Majuperak CEO Nizran Noordin said this JV agreement is an opportunity for it to tap into the growing prospects of the renewable energy sector, particularly as the solar energy segment holds vast potential. This is also aligned with the government’s National Renewable Energy Policy target to achieve 20% electricity generation from renewable energy sources by 2025.
“By embarking on the SPS project in partnership with Usem, we will be able to leverage on our combined expertise to benefit electricity consumers throughout Perak. The annual cost savings of 5%-15% from the SPS will also be channelled back to the people of Perak and to the state government,” Nizran said in a statement.
Usem will obtain the necessary approvals and licenses from the Sustainable Energy Development Authority and other relevant local authorities to commence with the SPS project. Consent will also be secured from respective building owners and electricity consumers for a tripartite supply agreement of renewable energy.
source https://www.thesundaily.my/business/majuperak-inks-agreement-to-supply-solar-energy-for-perak-GE2215899
No comments:
Post a Comment