Solarvest inks power purchase deal with TNB

HLIB Research observed that the contract win would lift Solarvest’s unbilled EPCC order book to a record high of RM1.28bil.

PETALING JAYA: Solarvest Holdings Bhd’s 60%-owned subsidiary, Nextree Synergy Sdn Bhd, has inked a power purchase agreement with Tenaga Nasional Bhd (TNB) for the development and operation of a solar photovoltaic (PV) energy generating facility under the fifth large-scale solar programme (LSS5).

In a filing with Bursa Malaysia, the group said Nextree Synergy would design, construct, own, operate and maintain a 60 megawatts alternating current (MWac) solar PV energy generating facility in Kuala Langat, Selangor.