University Teknologi MARA (UiTM) Holdings Sdn Bhd (UHSBs) wholly-owned subsidiary, UiTM Energy and Facilities Sdn Bhd (UEFSB) has signed a 21-year solar power purchase agreement (SPPA) with Ingress Corporation Berhad’s subsidiaries, Ingress Technologies Sdn Bhd (ITSB) and Ingress Precision Sdn Bhd (IPSB).
The group [UHSB] has expanded its portfolio from owning and operating two large scale solar power plants to developing rooftop solar generating facilities in UiTM campuses.
Chairman of UiTM Holdings Sdn Bhd, Md Zubir Ansori Yahaya said UEFSB will invest and install solar power generating facilities with a total capacity of 897.26kWp and 1224.86kWp at IPSB and ITSB respectively.
Zubir said the installation of the solar power generating facilities are expected to significantly reduce their energy expenditure through sustainable energy generation and Net Energy Metering (NEM) scheme. at the same time reduce their carbon footprint to support the Nation’s Renewable Energy Agenda.
“The facilities will be able to avoid 42,699 tons of CO2 emissions, which is equivalent to planting 50,000 trees. UEFSB will undertake 100 percent of the investment as part of the company’s initiatives to grow its Renewable Energy business,” said Zubir in the statement.
“It is hoped that this project will be the first of many similar projects to be developed by the Group where the Private SPPA will become more common in the future and acceptance towards green technology especially solar will ensure our growth in this sector,” Zubir said.
The Group is currently implementing a Energy Optimisation and Solar Rooftop (EORS) project at 35 campuses nationwide which is targeted to be completed in Q4 2023.
