KUALA LUMPUR: Kejuruteraan Asastera Bhd (KAB) has secured 5 rooftop solar energy producing system building and energy buy agreements value RM46.8mil in Thailand.
The settlement requires KAB to assemble, set up, function, and keep the grid-connected photovoltaic (GCPV) photo voltaic system for Siam Equipment and Tools Co Ltd and 4 subsidiaries of Aapico Group of Corporations.
In a press release, {the electrical} and mechanical engineering companies supplier stated the agreements, which have a mixed capability of 4,284 kWp, have a contracted period of over 25 years to function and keep the GCPV photo voltaic techniques
“KAB has been actively creating a strong base inside Thailand’s renewable vitality area and the signing of those PPAs has demonstrated our continued foray into Thailand’s renewable vitality sector as we stay steadfast to actively replenish the recurring revenue streams, whereas on the identical time, additional solidifying KAB’s footing within the trade.
“Our dedication in the direction of our sustainability framework has bode nicely for KAB as we advance our sustainability efforts to Be Good and attempt to Do Good as a One-Cease Engineering and Power Options Supplier,” stated KAB managing director Datuk Lai Keng Onn.
As at February 2022, KAB has a mixed put in capability of 12,695 kWp of photo voltaic initiatives, which embody 5,073 kWp in Thailand and seven,622 kWp in Malaysia.
With the inclusion of the brand new PPAs, the group’s complete put in capability will enhance to 16,979 kWp, for which Thailand accounts for 55% of the full put in capability of KAB’s photo voltaic initiatives.