MPay to finance Coral Power’s solar power plant

MPay’s financing offer is subject to Coral Power meeting the condition precedents and MPay successfully raising the Green Energy Fund via MAS Singapore-registered Passion Venture Capital, as announced on Sept 1.

KUALA LUMPUR: Managepay Resources Sdn Bhd, a wholly owned unit of ManagePay Systems Bhd (MPay), will finance a large-scale solar photovoltaic (PV) plant with a 9.99MW capacity in Manjung, Perak.

It has received a signed acceptance to the letter of offer issued to Coral Power Sdn Bhd for the financing.