KAB in power purchase with Nextgreen - MIDA | Malaysian Investment Development Authority
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KAB in power purchase with Nextgreen

KAB in power purchase with Nextgreen

15 Nov 2022

Kejuruteraan Asastera Bhd is entering into a 20-year power purchase agreement (PPA) with Nextgreen Pulp and Papers Sdn Bhd, a subsidiary of Nextgreen Global Bhd.

In a statement, KAB said its wholly-owned subsidiary KAB Core Connect O&M Services Sdn Bhd signed two PPAs with Nextgreen to design, construct, install, own, operate and maintain solar PV systems with a total combined capacity of 3,387-kilowatt peak (kWp) on the rooftops of multiple production plants and buildings at the latter’s Green Technology Park in Pekan, Pahang.

Nextgreen will purchase the solar PV energy generated by the facility.

The solar PV systems, which will be installed in two phases with capacities of 2,507 kWp and 880 kWp respectively, are expected to be completed within nine months of the commencement of the installation.

KAB said the solar PV installations will provide 88,789 megawatt hours in energy savings and reduce 51,942 tonnes of carbon dioxide equivalents over the next 20 years.

The PPAs are expected to contributed to its financial performance in 2023.

According to KAB managing director Datuk Lai Keng Onn, the solar PV contracts with Nextgreen are designed to enhance the energy efficiency and sustainability of its manufacturing operations and support its aspirations of achieving a green economy.

“Furthermore, we look forward to future collaborations in providing a wider range of sustainable energy solutions expertise, as Nextgreen continues to develop its sustainable Green Technology Park.

Source: The Star