KUALA LUMPUR: Pekat Group Bhd
’s indirect wholly-owned subsidiary, Solaroo RE (Maldives) Pvt Ltd, has signed a power purchase agreement (PPA) with Sun Investments Pvt Ltd.
The agreement is for the supply of electricity generated from a solar photovoltaic power system that Solaroo will develop.
In a filing with Bursa Malaysia, Pekat said the estimated contract value of the PPA, based on the generation of 25.45kWp of electricity over the 10-year contract period, is US$6.9mil or RM29.8mil.
Solaroo will design, build, install, own, operate, and maintain a solar photovoltaic energy system with a DC capacity of 1,727kWp and a battery energy storage system with a capacity of 1,398kWh.
The system will be located at Sun Siyam Vilu Reef Maldives, Meedhufushi, Dhaalu Atoll, Maldives, and generate as well as supply solar energy to Sun Investments.
