JAKS Solar Nibong Tebal Sdn Bhd had successfully completed and achieved a commercial operations date (COD) for its 50-megawatt (MW) Solar Photovoltaic (PV) Project under the large-scale solar 4 programme (“LSS4”).
JAKS Resources Berhad (JAKS), a construction and power utilities group specialising in water and other infrastructure projects and energy development, announced that its wholly-owned subsidiary was one of the successful players that won the bid for the LSS4 project for 50MW capacity tendered by the Energy Commission of Malaysia in March 2021 and will operate under a 25-year concession period until August 2048.
JAKS chief executive officer Andy Ang Lam Poah said, “We are pleased to share that JAKS has achieved another important milestone with the successful commercialisation of operations for our 50MW Solar PV Project. Completing the construction approximately 4 months ahead of schedule, we are proud to be the first to complete the 50MW Solar PV Project among the LSS4 recipients.”
“The commercialisation of the 50MW Solar PV Project will provide JAKS with a steady stream of income for the next 25 years. Moving forward, we will actively participate in more renewable energy projects which is in line with the global drive to embrace greener energy solutions,” he added.
