Kejuruteraan Asastera Berhad has signed another power purchase agreement with MyDin Mohamed Holdings Berhad which involves the former to design, construct, install, own, operate and maintain a grid-connected solar photovoltaic energy system on the roof of the open car park of Mydin Tunjong Hypermarket.
Under Phase 1 of the PPA, KAB will provide Mydin with up to 2,041.65 kWp of solar electricity in total throughout the term of the agreement. Mydin is expected to generate approximately 66 million kWh in energy savings and approximately 38,650
tonnes of carbon dioxide equivalent (CO2e) is avoided over a 21-year period. Under Phase 2, KAB will develop a further 2,064.40 kWp of the same project once the terms and implementation timeline are finalized. The group was also given a letter of award last year to invest and develop a 4,000 kWp solar rooftop system for its own consumption for its outlet in Tunjong, Kelantan which is the largest Mydin mall in Malaysia, spanning over 1 million sqft of retail space.
“KAB and Mydin have been working together on this for more than a year. With this agreement in place, we are able to support Mydin’s commitment to the future generation which emphasizes the importance of a sustainable operating
environment. This long-term contract with such a committed retailer is in sync with our strategy of engaging with organisations that share the same value. 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. We have always been looking for an opportunity to work together with organisations that are keen to reduce their carbon footprint and we have done this successfully by continuously engaging with corporations that share similar aspirations with us.” said Dato’ Lai Keng Onn, Managing Director of KAB.
This agreement is fully aligned with KAB’s long-term strategy to develop renewable energy assets as one of its key growth drivers. KAB has announced various renewable energy projects via strategic collaboration with companies in the Asian region.
