KAB signs PPA to provide 2 MW of solar to Malaysian store

Malaysian electrical and mechanical engineering company Kejuruteraan Asastera Bhd (KLSE:KAB) has signed a 21-year power purchase agreement (PPA) to provide about 2 MW of solar to local hypermarket and retail group Mydin Mohamed Holdings Berhad.

Under the contract, signed by KAB via its subsidiary KAB Gree Solar Sdn Bhd and reported this week, KAB will design, build, own and operate a 2,041.65-kWp grid-connected solar photovoltaic (PV) array on the roof of the open car park of Mydin Tunjong Hypermarket in Kelantan.

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This marks the first phase of the project and is scheduled to be followed by a second phase of 2,064.4 kWp.

The PPA comes after in 2021 KAB received a letter of award from Mydin for the development of a 4-MW rooftop solar system to serve its needs at the store in Tunjong.

“KAB has been building our renewable energy portfolio in Vietnam, Indonesia and Thailand, so we are always excited to be able to do the same back here,” said KAB managing director Dato’ Lai Keng Onn.