Protasco receives RM92m award for Alor Gajah plant


The 20-year contract secured by its unit Metro Parking Management Philippines Inc would also include the construction of an additional 208-bays of steel deck parking structure in MBP - a bustling business hub in the affluent suburb near Alabang Town Centre, one of Metro Manila

KUALA LUMPUR: Protasco Bhd, via a subsidiary, has received a letter of award from the Energy Commission of Malaysia to develop the 6.80 MW large scale solar photovoltaic plant (LSSPV) in Alor Gajah, Melaka.

I2 Solarpark One Sdn Bhd, which is 44% owned by Protasco subsidiary Ikram Greentech Sdn Bhd, received the RM92mil job and consequently signed a 21-year power purchase agreement with Tenaga Nasional Bhd.

According to a stock exchange filing, the LSSPV plant is expected to commence operations by December 2020.

Protasco said it expects the project to contribute positively to its future earnings.
Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 18
Cxense type: free
User access status: 3
   

Did you find this article insightful?

Yes
No

Next In Business News

Malaysia reassures on supply after Top Glove shuts factories
Hong Kong shares track global rally on improved economic outlook
Economy on recovery path as leading index rose 8.6% in Sept
Sime Property posts 3Q pre-tax profit of RM92.6m, excluding impairments
Sunway Malls bucks the trend with 200 shops opening despite pandemic
Maybank's web and app experiencing connection issue
Mah Sing Plastics inks RM12mil PV deal with Plus Solar
Japan shares end higher as Dow hits record high on Biden transition
Higher 3Q earnings for UOA Devt on revaluation of corporate tower
TDM posts net profit of RM21.75mil on improved sales

Stories You'll Enjoy