KUALA LUMPUR: G Capital Bhd
's 70%-owned subsidiary Solarcity Malaysia Sdn Bhd has completed the installation and commenced operation of a 7MWp solar photovoltaic (PV) electric power generation system in Batu Pahat, Johor, for the power purchase agreement with Evergreen Fibreboard Bhd.
In a bourse filing, G Capital said the parties have accepted July 1, 2022 to be the commercial operation date of the plant.
"The plant will be contributing revenue and earnings to the group over a span of 25 years from 1 July 2022, the commercial operation date, in accordance to the agreed terms in the PPA.
"Save for the above, the PPA is not expected to have any material impact on the earnings and net assets of the group for the financial year ending 31 December 2022," it added.
