The civil engineering specialist and bituminous products manufacturer’s wholly-owned subsidiary, Techmile Resources (TRSB), has accepted a letter of award (LOA) from Tesdec Hydropower.
The acceptance of the LOA is for the engineering, procurement, construction and commissioning (EPCC) of a 3MW mini-hydro power plant at Sungai Pelagat, Besut, Terengganu valued at RM36.71 million.
The project is expected to commence in January 2023, followed by construction in 2025, is expected to be completed by May 2027.
It comes under the Sustainable Energy Development Authority’s (SEDA) feed-in-tariff (FiT) programme in which businesses or individuals that hold SEDA’s feed-in approval certificate can sell RE at the FiT rate to distribution licensees such as Tenaga Nasional.
Under the agreement, TRSB provides EPCC as well as maintenance, repair and overhaul (MRO) services for the energy industry.
For the record, Tesdec Hydropower is a sub-subsidiary of Tesdec through its subsidiary, Tesdec Services. Tesdec is wholly-owned by the Terengganu government while Tesdec Hydropower is principally involved in renewal energy (RE) activities, development and facilities in the state.
“This project represents for us another step forward in our venture into RE that began in 2020 as part of an organisational transformation at Minetech, which includes diversification and rationalisation. Our move into RE enables us to partake in the development of a sustainable economy that is in line with initiatives in recent years to be greener and ensure social wellbeing,” Dato’ (Dr). Ts. Awang Daud bin Awang Putera, Executive Chairman of Minetech said.
“The 3MW mini-hydro power plant project will allow us to also showcase what Minetech is capable of as we seek more opportunities in RE,” he added.
“As a registered solar photovoltaic investor with SEDA and the owner of a 9.99MW AC floating solar power plant located in Pantai Remis, Perak, we are also able to sell electricity to government agencies, businesses and individuals under SEDA’s Net Energy Metering Programme or NEM 3.0,” he remarked.
“The state government is committed to driving economic growth through such projects where positive spillover effects include lowering greenhouse gas emissions, mitigating the impact of human activities to the environment and safeguarding the wellbeing of communities through socio-economic progress,” YAB Dato’ Seri Dr. Ahmad Samsuri bin Mokhtar, Menteri Besar of Terengganu commented.
“We are pleased to initiate this renewable energy project that will bring benefits to the people of Terengganu by providing a stable and clean source of electricity that can also support essential backup power should there be power outages or disruptions,” Chairman of Tesdec Hydropower, YB Ir. Saiful Azmi bin Suhaili said.
The LOA signing ceremony was held at Primula Beach Hotel, Kuala Terengganu and were witnessed by Terengganu Menteri Besar, YAB Dato’ Seri Dr. Ahmad Samsuri bin Mokhtar and Executive Chairman of Minetech, Dato’ (Dr). Ts. Awang Daud bin Awang Putera. Executive Directors, Ts. Azlan Shah bin Zainal Arif and Mr Matt Chin signed on behalf of TRSB while Directors, Ir. Rosdan bin Ismail and Ts. Shahidan Izham bin Yeop Ibrahim, signed for Tesdec Hydropower.