PETALING JAYA: Aizo Group Bhd has been shortlisted to develop a 99.99 megawatts (MW) large scale solar (LSS) plant in Kampar, Perak.
In a filing with Bursa Malaysia, the company said Wawasan Demi Sdn Bhd (WDSB), a 63% owned subsidiary of Coral Energy Sdn Bhd, which in turn is a wholly-owned subsidiary of Aizo, had been awarded a letter of notification from the Energy Commission for the LSS project.
Aizo said the project would be subjected to WDSB satisfying certain obligations, compliance, including submission and execution of the LSS project documents to confirm the acceptance.
“The plant is expected to have an export capacity of 99.99MW and is expected to be a key milestone in advancing Malaysia’s renewable energy agenda.
“The project will be executed under a solar power purchase agreement with a tenure of 21 years and is scheduled to achieve its commercial operation date by Oct 30, 2027.”
Aizo said the initiative underscores the company’s growing commitment to sustainable energy projects, marking a significant step in the group’s diversification strategy and efforts to contribute to the nation’s clean energy transition.
“The Kampar LSS plant is expected to provide renewable energy solutions aligned with Malaysia’s ambition to achieve a sustainable energy future.
“The development will be financed through a combination of internally generated funds and bank borrowings.
“While the project is not expected to have an immediate material impact on the company’s financial performance for the financial year ending June 30, 2025, it is anticipated to contribute positively to Aizo’s future earnings upon commissioning.”
