G Capital subsidiary signs PPA with Aryzta Solutions

KUALA LUMPUR: G Capital Bhd's 70%-owned subsidiary Solarcity Malaysia Sdn Bhd has signed a solar power purchase agreement (PPA) with Aryzta Solutions Malaysia Sdn Bhd.

It said in a filing with Bursa Malaysia it would supply solar photovoltaic energy to Aryzta via a 1,100KWp solar PV system located at the latter's premises in Pulau Indah, Selangor.

It said the PPA would be for a period of 25 years from the effective date.

"The PPA is not expected to have any material impact on the earnings and net assets of the Group for the financial year ending 31 December 2022," it added.