KUALA LUMPUR: Solarvest Holdings Bhd
's 60%-owned subsidiary Nextree Synergy Sdn Bhd has inked a power purchase agreement with Tenaga Nasional Bhd for the development and operation of a solar
photovoltaic energy generating facility under the fifth large scale solar program (LSS5).
In a bourse filing, the group said Nextree Synergy will design, construct, own, operate and maintain a 60MWac solar photovoltaic energy generating facility in Kuala Langat, Selangor.
The commercial operation date of the facility is scheduled for Oct 8, 2027.
Solarvest expects positive future earnings contribution from the facility from the commercial operation date for a span of 21 years.
