G Capital Berhad via Solarcity Malaysia Sdn. Bhd a 70%-owned subsidiary of the Company has signed 1100KWp Solar Power Purchase Agreements with Aryzta Food Solutions Malaysia Sdn. Bhd.
The agreement entails for Solarcity to supply solar photovoltaic energy to Aryzta via a solar photovoltaic energy generating system with a total capacity of 1,100 KWp at the premises of the client.
The PPA will be for a period of Twenty-Five years from the effective date in accordance with the agreed terms and conditions as stipulated in the PPA.
Aryzta is principally involved in providing food services and food processing, as well as trading and frozen food.
Aryzta is a subsidiary of Aryzta AG a public limited company listed on Swiss Exchange principally involved in producing and retails specialty bakery products. Aryzta group of companies operates in North America, South America, Europe, South East Asia, Australia and New Zealand.
