PETALING JAYA: AIZO Group Bhd, via its 63%-owned subsidiary, Wawasan Demi Sdn Bhd (WDSB), has formalised its power purchase agreement (PPA) with Tenaga Nasional Berhad
(TNB) for the development of a 99.99 MWac large scale solar photovoltaic (LSS) facility in Kampar, Perak.
In a filing with Bursa Malaysia, Aizo said this follows the earlier acceptance of the letter of notification from the Energy Commission dated Jan 6, 2025, designating WDSB as the project developer under the national LSS programme.
“Under the PPA, WDSB will design, construct, own, operate and maintain the solar photovoltaic energy generating facility, with electricity to be supplied to TNB’s grid system.
This PPA represents a major step forward in the realisation of one of AIZO’s largest clean energy undertakings to date.”
The project will be financed through a combination of internally generated funds and/or bank borrowings, reflecting the company’s confidence in the commercial and strategic value of the project.
The 99.99 MWac Kampar solar facility is poised to become a significant contributor to AIZO’s long-term earnings, while further reinforcing its presence in Malaysia’s clean energy space.
Aizo specialises in civil engineering works, manufacturing and trading bituminous products, and development, operation and transmission of solar power.
“This PPA with TNB reflects the strong momentum behind our renewable energy strategy and marks a major achievement for AIZO. The Kampar LSS project stands as a testament to our capability in scaling utility-grade solar infrastructure, and we are proud to support Malaysia’s broader energy transition goals.
“We remain committed to delivering this project with excellence and look forward to making a lasting contribution to a low-carbon future,” AIZO executive chairman Datuk Abang Abdillah Izzarim said in a statement.
