KAB inks PPA with Mydin on photo voltaic PV venture

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

Below the PPA, KAB Gree Photo voltaic will design, assemble, set up, personal, function and keep a grid-connected photo voltaic photovoltaic (PV) power system on the roof of the open automobile park of the Mydin Tunjong Hypermarket.

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

“This long-term contract with such a dedicated retailer is consistent with our technique of participating with organizations that share the identical worth,” he stated in a press release as we speak.

Below part one of many PPA, KAB will present Mydin with as much as 2,041.65 kilowatts peak (kWp) of photo voltaic electrical energy in complete all through the time period of the settlement.

In the meantime, Mydin is predicted to generate roughly 66 million kilowatts per hour (kWh) in power, and roughly 38,650 tonnes of carbon dioxide equal (CO2e) are averted over a 21-year interval.

Below part two, KAB will develop an extra 2,064.40 kWp as soon as the phrases and implementation timeline are finalised.

“We’ve got at all times been on the lookout for a possibility to work along with organizations which can be eager to scale back their carbon footprint, and we have now achieved this efficiently by repeatedly participating with companies that share comparable aspiration with us,” stated Lai.

The group stated the PPA is absolutely aligned with KAB’s long-term technique to develop renewable power belongings as certainly one of its key progress drivers.

To-date, it has introduced varied renewable power tasks by way of strategic collaboration with firms within the ASEAN area. – Bernama


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