PETALING JAYA: Aizo Group Bhd has been shortlisted to develop a 99.99 megawatts (MW) large-scale solar (LSS) plant in Kampar, Perak.
In a filing with Bursa Malaysia, the company said Wawasan Demi Sdn Bhd (WDSB), a 63% owned subsidiary of Coral Energy Sdn Bhd, which in turn is a wholly-owned subsidiary of Aizo, had been awarded a letter of notification from the Energy Commission for the LSS project.
Aizo said the project would be subjected to WDSB satisfying certain obligations, compliance, including submission and execution of the LSS project documents to confirm the acceptance.
“The plant is expected to have an export capacity of 99.99 MW and is expected to be a key milestone in advancing Malaysia’s renewable energy agenda.
“The project will be executed under a solar power purchase agreement with a tenure of 21 years and is scheduled to achieve its commercial operation date by Oct 30, 2027.”
Aizo said the initiative underscores the company’s growing commitment to sustainable energy projects, marking a significant step in the group’s diversification strategy and efforts to contribute to the nation’s clean energy transition.
“The Kampar LSS plant is expected to provide renewable energy solutions aligned with Malaysia’s ambition to achieve a sustainable energy future. The development will be financed through a combination of internally generated funds and/or bank borrowings.
“While the project is not expected to have an immediate material impact on the company’s financial performance for the financial year ending June 30, 2025, it is anticipated to contribute positively to Aizo’s future earnings upon commissioning.”
“The Kampar LSS Plant reflects Aizo’s ongoing commitment to advancing renewable energy in Malaysia. Building on our experience in the renewable energy sector, this is our second remarkable LSS project awarded by the Energy Commission, following the successful completion of our first LSS project in May 2023.
“This milestone represents another significant step toward supporting the country’s clean energy goals. Solar power is a critical component of Malaysia’s energy transition, and we are proud to contribute to a greener future,” executive director Ahmad Rahizal Ahmad Rasidi.
