Reneuco a wholly owned subsidiary of Reneuco Berhad has entered into a Memorandum of Understanding with MBPJ for the installation of Rooftop Solar Photovoltaic at Pusat Inovasi MBPJ, Taman Sains Selangor under the Scheme Category of Net Energy Metering Programme (NEM) 3.0.
Under the scheme, MBPJ will be able to produce a capacity of 267.3kWp with an electricity tariff rate of RM0.390/kWh.
The purpose of the MOU is to establish the terms and conditions, scope of work, and the roles of the Parties involved. Through this collaboration, both Parties will receive unique advantages, such as the provision of renewable energy technology (solar), data sharing, savings in electricity bill payments, and reduction of energy consumption at Pusat Inovasi
MBPJ, Taman Sains Selangor as well as mutual benefits in assisting Malaysia in reducing carbon emissions.
Reneuco RE is the first company appointed by MBPJ to be the “Pilot Project” for the zerocapital expenditure solar panel installation program on its building. The installation of solar panels is one of the scopes in the Energy Management and
Efficiency Program under Renewable Energy, which can help MBPJ buildings move towards zero energy buildings.
Subject to climate and weather changes, Reneuco RE will ensure that MBPJ achieves cost savings on electricity bill payments from the installation of the solar panel system during the 15-year installation period. Reneuco RE to ensure periodic maintenance of solar PV and administer and ensure the system operates at maximum capacity and conducts regular maintenance.
Reneuco RE is to provide qualified chargemen or engineers throughout the contract period. Reneuco RE shall commit to providing a guarantee to MBPJ to repair or replace non-functioning solar equipment during the contract period and before delivery to MBPJ.
