KUALA LUMPUR: Minetech Resources Bhd's wholly owned subsidiary Techmile Resources Sdn Bhd has secured a RM36.71mil contract from Tesdec Hyropower Sdn Bhd for the engineering, procurement, construction and commissioning (EPCC) of a 3MW mini-hydro power plant at Sungai Pelagat in Besut, Terengganu.
The civil engineering specialist said the project, which is expected to commence in January 2023, followed by construction in 2025, is expected to be completed by May 2027.
It added that the project comes under the Sustainable Energy Development Authority’s (SEDA) feed-in-tariff (FiT) programme, in which businesses or individuals that hold SEDA’s feed-in approval certificate can sell renewable energy (RE) at the FiT rate to distribution licensees such as Tenaga Nasional Bhd.
Minetech executive chairman Datuk Awang Daud Awang Putera said the project is another step forward in its venture into RE that began in 2020, which enable it to partake in the development of a sustainable economy.
"The 3MW mini-hydro power plant project will allow us to also showcase what Minetech is capable of as we seek more opportunities in RE.
"As a registered solar photovoltaic investor with SEDA and the owner of a 9.99MW AC floating solar power plant located in Pantai Remis, Perak, we are also able to sell electricity to government agencies, businesses and individuals under SEDA’s Net Energy Metering Programme or NEM 3.0” he said.