CTRM uses solar power to stay cost-competitive

Reduced spending: Shamsuddin says the manufacturing and engineering group has reduced electricity cost for the phase-one building by up to 6% in the last five months.

KUALA LUMPUR: In a move to stay cost-competitive, Composites Technology Research Malaysia Sdn Bhd (CTRM), that has taken the lead to install an eight-MWp (megawatt peak) roof-top solar power system worth RM17mil for its six buildings, expects to reduce electricity cost by 20% per year.

CTRM is a subsidiary of DRB-Hicom Bhd.