PETALING JAYA: Uzma Kuala Muda Sdn Bhd, an indirect wholly owned subsidiary of Uzma Bhd
, has achieved the commercial operation date (COD) for its 50 megawatt alternating current large scale solar photovoltaic plant under the Large Scale Solar (LSS) Cycle 4 project on Sept 25.
The plant, which is located in Sungai Petani, Kedah, is Uzma’s first venture into asset ownership and development of an LSS plant, pursuant to a power purchase agreement entered into between Uzma Kuala Muda and Tenaga Nasional Bhd in August 2021.
“Uzma Kuala Muda achieved the project’s financial close date on July 14, 2023 and within a record 10 months of starting physical construction in November 2023, the project was able to hit its COD milestone,” said Uzma.
Uzma said the achievement of the COD is expected to contribute positively to the future earnings of the group.
