Bina Puri inks deal for Sabah solar photovoltaic plant

KUALA LUMPUR: Bina Puri Holdings Bhd's unit BP Energy Sdn Bhd has signed a power purchase agreement for a large scale solar photovoltaic plant with Sabah Electricity Sdn Bhd.

In a statement, Bina Puri said BP Energy will design, construct, test, commission, own, operate and maintain a solar photovoltaic energy generating facility with a capacity of 5.00MWa.c. in Kunak, Sabah, for connection to Sabah Electricity’s medium voltage distribution network at PMU Kunak.

The contract will be for a period of 21 years from the commercial operation date scheduled on June 30, 2023.

It said the power purchase agreement is not expected to have any material impact on the earnings and net assets of the Group for the financial year ending Jue 30, 2022.

At 12.30pm, Bina Puri's share price was unchanged from the previous close at 4.5 sen, with 202,300 units exchanging hands.

Its warrants were also trading unchanged at 1.5 sen a share with 100,000 units done.

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 46
Cxense type: free
User access status: 3
Join our Telegram channel to get our Evening Alerts and breaking news highlights

Next In Business News

TNB makes maiden foray into offshore wind market
China seen lowering lending benchmark LPR to support economy
Hong Kong new listings volume sinks to 9-year low on China slowdown
Hong Leong AM’s Islamic funds win five awards
Oil prices recoup early losses on China hopes, global supply fears
Malaysia's total trade soars 21.3% to RM231.44bil in April
Malaysia's digital economy to contribute 22.6% to GDP, create half a million jobs by 2025
Bintulu Port extends vessel hire contract
FBM KLCI trims losses on earnings hopes
Singapore Airlines sees no big growth risk from Boeing 777X delays

Others Also Read