KUALA LUMPUR: Public Bank Bhd
and Jati Tinggi Group Bhd have signed a memorandum of understanding (MOU) for a project valued at RM14.88mil.
Under the agreement, Jati Tinggi, through its wholly-owned subsidiary Jati Tinggi Holding Sdn Bhd, will install photovoltaic (PV) solar panel systems across 135 Public Bank branches, covering 333 lots of properties.
“Public Bank is dedicated to leading by example in the financial sector by integrating sustainable practices into our operations. The installation of solar panel system across our branches represents a key component of our broader ESG strategy.
“We are delighted to join forces with Jati Tinggi, whose technical excellence ensures the success of this initiative. This project not only helps us reduce our carbon footprint but also supports our commitment to achieving our environmental goals,” Public Bank managing director and chief executive officer Tan Sri Dr. Tay Ah Lek said in a statement.
Meanwhile, Jati Tinggi managing director Datuk Seri Lim Yeong Seong said: This Project not only highlights our foray into renewable energy but also reinforces our commitment to leveraging our expertise for environmental sustainability.”
“As we implement these solar solutions, we are excited to gradually enhancing sustainable practices within the banking sector and exploring further opportunities in solar energy.” The installation of the solar panel systems is expected to begin in early 2025, with completion targeted within three years.
