PETALING JAYA: Kejuruteraan Asastera Bhd (KAB) has secured 5 rooftop solar energy producing system development and energy buy agreements (PPAs) price 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 Firms.
In an announcement, {the electrical} and mechanical engineering companies supplier mentioned 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 growing a strong base inside Thailand’s renewable power house and the signing of those PPAs has demonstrated our continued foray into Thailand’s renewable power sector as we stay steadfast to actively replenish the recurring earnings streams, whereas on the similar time, additional solidifying KAB’s footing within the business.
“Our dedication in direction of our sustainability framework has bode effectively for KAB as we advance our sustainability efforts to Be Good and try to Do Good as a One-Cease Engineering and Power Options Supplier,” mentioned KAB managing director Datuk Lai Keng Onn.
As at February 2022, KAB had a mixed put in capability of 12,695 kWp of photo voltaic tasks, which embrace 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 whole put in capability of KAB’s photo voltaic tasks.