Betamek Berhad has partnered ManagePay Systems Berhad to incorporate solar energy utilisation at its electronic products manufacturing facility in Rawang, Selangor for a period of 25-year.
The company entered into an agreement for ManagePay to install, operate and maintain solar panels at its Rawang facility with a minimum capacity of 515.2 kilowatt peak (“kWp”), marking the group’s next step to further its environmental, social, and governance agenda.
The installation will come at no cost for Betamek but instead will help reduce its electricity bill by RM2.1 million to RM2.7 million during the lifetime of the asset.
To formalise the collaboration, its wholly owned subsidiary Betamek Electronics (M) Sdn Bhd (“BESB”) had on 6 April 2023 signed a solar power purchase agreement with ManagePay Resources Sdn Bhd, who will be responsible for the installation, operation and maintenance of the solar generating facility.
MRSB is a wholly-owned subsidiary of ManagePay. It is principally engaged in the provision of outsourcing, incubation services, carrying out software development, programming, analysis and design, sales, and installation of hardware and software, money lending business and operation of generation facilities that produce electric energy.
Concurrently, BESB has also signed a supply agreement for renewable energy with MRSB and Tenaga Nasional Bhd (“TNB”) for the electricity supply contract.
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