S P Setia on track with green initiative installation

PETALING JAYA: S P Setia Bhd has commenced to install solar panels at its corporate office in Setia Alam, Shah Alam, following the memorandum of understanding signed with Tenaga Nasional Bhd (TNB) in April this year.

In the first phase of its green initiative installation, GSPARX Sdn Bhd, a wholly-owned subsidiary of TNB was appointed to provide about 10 megawatt peak of solar rooftop for photovoltaic self-consumption of the developer’s commercial buildings. This installation is expected to reduce up to 9,053 tonnes of carbon dioxide per year.

S P Setia president and chief executive officer Datuk Choong Kai Wai said: “We hope that our collaboration will propel Malaysia toward its pledge of achieving carbon neutrality by the year 2050.”

S P Setia noted the green initiative was part of its efforts to provide solar-ready infrastructure to address climate change. In the long run, S P Setia hoped the project would enable its residents to see more efficient energy billings and lower carbon emissions.

In a statement yesterday, TNB chief retail officer Datuk Megat Jalaluddin Megat Hassan said the installation at S P Setia’s headquarters would be the first among the seven identified commercial assets of S P Setia.

“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,” he said.

The other six S P Setia commercial assets include Setia City Mall, Setia City Convention Centre 1, Setia City Convention Centre 2, Setia EcoHill Club 360, Setia Alamsari Welcome Centre, and Setia Tropika Welcome Centre.

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