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Petronas JV, Tesco Malaysia in solar energy PPA

Petronas JV, Tesco Malaysia in solar energy PPA

14 Jul 2020

Tesco Stores (Malaysia) Sdn Bhd (Tesco) and NE Suria Satu Sdn Bhd (NESS), a joint-venture company between Petroliam Nasional Bhd (Petronas) and NEFIN Group, have entered into the largest long-term power purchase agreement (PPA) (Tesco-NESS PPA) for solar energy in Malaysia.

In a joint statement, Tesco and NESS said the first phase of the Tesco-NESS PPA will see the installation of solar photovoltaic (PV) panels on the rooftop spaces of 15 Tesco stores nationwide, which will run for 20 years until 2040.

“Once the installation is completed in October 2020, the solar PV panels will collectively generate about 18 gigawatt-hours (GWh) of clean energy per year, thus reducing approximately 13,624 tonnes of carbon emission into the atmosphere.

“The power generated from the solar PV panels can also light up as many as 104 Olympic-sized stadiums simultaneously or 804,905 three-bedroom homes for an entire year,” it said.

Tesco chief executive officer (CEO) Paul Ritchie said the installation of the solar PV panels in 15 out of 62 of its stores is the first phase of Tesco’s renewable energy push.

“This push in environmental sustainability is just one of the many ways that we are doing to reduce our impact on the environment, which already include measuring and publishing our food waste data and reducing the usage of single-use plastic bags in our stores,” he said.

Meanwhile, NESS director and Petronas head of new energy Dr Jay Mariyappan said NESS will fully invest in the 15-store solar PV project, including the design, installation, operation and maintenance of the solar PV systems.

“With the collective capabilities of Petronas and NEFIN, we are confident that we will be able to support Tesco in realising its sustainability goals, which ultimately will benefit all of us,” he said.

The stores which will be fitted with the solar PV panels are Tesco Mergong, Tesco Sungai Petani Selatan, Tesco Bukit Mertajam, Tesco Rawang, Tesco Ipoh, Tesco Station 18, Tesco Klang, Tesco Puchong, Tesco Bukit Puchong, Tesco Extra Seremban Jaya, Tesco Kulim, Tesco Stargate, Tesco Seberang Jaya, Tesco Jitra and Tesco Kampar.

Source: Bernama

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