Uzma Signs 21 Year Large Scale Solar Power Purchase Agreement with TNB

Uzma Group a listed entity primarily involved in oil and gas, has struck 21 year solar energy supply deal with Tenaga Nasional Berhad with its soon to be build solar farm in Kedah.

The farm will be built by the subsidiary Uzma Kuala Muda which will design, construct, own, operate and maintain the solar photovoltaic energy generating facility with a capacity of 50MWac in Sungai Petani, Kedah.

Upon completion, the company will be selling to TNB the Net Electrical Output generated by the farm for a period of 21 years from the commercial operation time.

Established in 2000, Uzma started its business by providing professional consultancy services to its clients. Since then, the company has gone through rapid growth driven by its vision to be a leading OGSE company in South East Asia. The Group’s growth was fuelled by adding new innovative service offerings beyond consultancy services, and a market expansion beyond Malaysia.

Energy players are transitioning their offering with alternative source as the global attention towards renewable energy is seeing a phenomenal rise. This interest is also due to climate change and dependency towards fossil fuel is viewed an sustainable.

TNB is in the forefront in Malaysia to push the carbon neutral agenda, the utility board is leading the charge in renewable energy with multiple agreements to balance its energy supply in the country.

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