KUALA LUMPUR: Mydin Mall Manjoi in Ipoh expects to save up to RM3.24mil in its power bill with the installation of a solar rooftop photovoltaic (PV) under an agreement with Tenaga Nasional Bhd.
TNB through its unit GSPARX Sdn Bhd had sealed a supply agreement for renewable energy with Mydin Mohamed Holdings Bhd last week for the project.
“The 324 kilowatt-peak (kWp) solar rooftop photovoltaic (PV) is expected to generate up to RM3.24mil in electricity bill savings within the project’s 25-year duration, ” according to a statement issued by the power giant on Thursday.
Mydin Holdings managing director Datuk Wira Dr Ameer Ali Mydin hoped the agreement could also spark similar venture between both parties.
“This is a small step that may pave the way towards similar collaboration in seven of our hypermarkets, ” he said.
He added that Mydin’s focus was not solely on generating profit, as it also placed importance on humanity and environment, as outlined by the concept of triple bottom line (people, planet, and profit).
“The Mydin-TNB collaboration is a contribution to energy sustainability for the good of the organisation, community, and country. This is our commitment for the future generation, ” he said at the signing ceremony at Mydin Holdings in Subang Jaya.
The agreement was signed by TNB chief ventures officer and director of GSPARX, Datuk Nor Azman Mufti; TNB chief retail officer, Megat Jalaludin Megat Hassan and executive director of Mydin Holdings, Datuk Murad Ali Mydin.
Megat Jalaluddin Megat Hassan said the collaboration would generate green energy supply for Mydin.
This contribution is in line with the government’s aspiration to reach 20% renewable energy generation by 2025. This made Mydin Holdings the first chain retailer in Malaysia which heeded the government’s call for green energy (RE).
“This collaboration is a win-win arrangement for GSPARX, being a registered solar PV investor; TNB Retail which offers services to state and federal government buildings, commercial, and industrial customers; and Mydin Holdings as a customer.
The solar installation will enable Mydin Holdings to use electricity generated at a lower tariff and help towards carbon footprints reduction, ” said Megat Jalaludin.
The agreement, which also covers net energy metering (NEM) scheme, will allow Mydin Holdings to transfer the surplus of energy generated to TNB, at the same rate of electricity charges.
TNB aspires to generate 1,700 MW RE by 2025.