Pekat selected as CGPP solar power producer

KUALA LUMPUR: Pekat Group Bhd’s wholly owned subsidiary, Pekat Teknologi Sdn Bhd (PTSB), has been selected for the development of a 29.99-megawatt solar power plant project under the corporate green power programme (CGPP) conducted by the Energy Commission.

PTSB is one of the 22 successful bidders selected for the CGPP (800 megawatts).

“The project is expected to contribute positively to Pekat group’s earnings and net assets per share for the financial year ending Dec 31, 2024 onwards until the completion of the project,” Pekat said in a filing with Bursa Malaysia.