KAB grows solar PV portfolio

KUALA LUMPUR: Kinergy Advancement Bhd's (KAB) wholly-owned subsidiary KAB Energy Holdings Bhd has has further expanded its solar photovoltaic (PV) portfolio following the completion of its acquisition of the entire stake in Matahari Suria Sdn Bhd (MSSB).

In a statement, KAB said MSSB, which it acquired for RM5.3mil, owns a solar PV system on the rooftop of Universiti Teknologi Malaysia Kuala Lumpur and has an ongoing renewable energy power purchase agreement to supply energy to Tenaga Nasional Bhd under a feed-in tariff concession until 2037.