Mudajaya to get steady recurring income from renewable energy

Joseph says the group intends to continue pursuing investments in RE, both locally and abroad.

PETALING JAYA: Mudajaya Group Bhd’s recent venture into renewable energy (RE) may not see significant contributions, but will nonetheless provide a steady recurring income for the group.

The construction outfit has commissioned a 10-MW solar farm in Gebeng, Pahang, and signed a renewable energy power purchase agreement with Tenaga Nasional Bhd for a concession period of 21 years.