S P Setia kickstarts green partnership wtih TNB

From left: Lindayani Tajudin, Chief Strategy Officer of S P Setia; Datuk Choong Kai Wai, President and CEO of S P Setia; Datuk Ir. Megat Jalaluddin Megat Hassan, Chief Retail Officer of Tenaga Nasional Berhad; Nasaruddin Mohd Zaini, Chief Customer Officer, Government & Large Business, Retail Division of Tenaga Nasional Bhd

KUALA LUMPUR: S P Setia Bhd has initiated the first phase of its green initiatives in partnership with Tenaga Nasional Bhd with the installation of solar panels at its corporate HQ in Setia Alam, Shah Alam.

It said in a statement it had appointed TNB subsidiary GSPARX Sdn Bhd to provide about 10MWp of solar rooftop for photovoltaic self-consumption of its commercial buildings.

The initiative is expected to reduce up to 9,053 tons of carbon dioxide a year.

"Our collaboration will accelerate the adoption of green lifestyles amongst our communities and us. We hope that our collaboration will propel Malaysia toward its pledge of achieving carbon neutrality by the year 2050," S P Setia president and CEO Datuk Choong Kai Wai.

According to S P Setia, the installation of solar panels will also be implemented at S P Setia's six other commercial assets including Setia City Mall, Setia City Convention Centre 1 and Setia City Convention Centre 2, Setia EcoHill Club 360, Setia Alamsari Welcome Centre and Setia Tropika Welcome Centre.

Moving forward, the partnership with TNB will also equip S P Setia's projects with green solutions to be battery-ready by allowing energy storage from solar generation for households and townships, and electric vehicle-ready with charging infrastructure to support green mobility choices.

“TNB is supportive of S P Setia’s ambition to fulfil their ESG goals as we extend our full commitment in delivering our rooftop solar solutions to the first seven identified commercial assets, starting with their corporate office in Setia Alam.

"Once the installation at all seven premises is completed, the total carbon sequestered is equivalent to about 150,000 tree seedlings grown for 10 years,” said TNB chief retail officer Datuk Megat Jalaluddin Megat Hassan.

Article type: free
User access status:
Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!

S P Setia , TNB , solar , energy , green initiative


Next In Business News

Kenanga Research urges investors to seek refuge in domestically-driven sectors
Perodua surpasses 250,000-unit mark, beats 2022 sales target
Asian shares tentative ahead of U.S. payrolls data, dollar nurses losses
U.S. Fed policy now more hawkish than policy rules suggest is needed
Ringgit opens higher vs US dollar for third day running
Quick take: Ranhill slips despite RM50mil contract win
FBM KLCI slips in early trade on profit taking
Trading ideas: AMMB, QL Resources, KNM, Sime Darby Plantation, Ireka, KPS, Ranhill Utilities
US economy grew slightly, inflation and rates cloud outlook
Wall St preps for year-end stock rally

Others Also Read