KUALA LUMPUR: Samaiden Group Bhd
’s wholly owned subsidiary, Samaiden Legasi Timur Sdn Bhd (SLTSB), has signed a long-term lease agreement with Perbadanan Kemajuan Iktisad Negeri Kelantan (PKINK) to develop a large-scale solar photovoltaic (LSS) power plant under Malaysia’s LSS5 programme.
In a statement, the renewable energy specialist said the 400-acre lease in Pasir Mas, Kelantan marks a key step in its renewable energy growth strategy.
The land will be utilised to construct and operate a solar energy facility with a maximum export capacity of 99.99MWac, to supply clean electricity to Tenaga Nasional Bhd (TNB) under a power purchase agreement (PPA).
The 23-year lease, which includes a two-year construction period, will begin once conditions such as the LSS5 project award by the Energy Commission and the signing of the PPA with TNB are met.
“Following our recent EPCC contract win under LSS5, this lease agreement with PKINK marks a major milestone in progressing our LSS5 solar project and aligns with Malaysia’s national targets to achieve 70% renewable energy capacity by 2050 and reduce carbon intensity by 45% by 2030,” Samaiden group managing director Datuk Ir. Chow Pui Hee said.
“The site offers strategic advantages for solar development, and we deeply appreciate the strong support from the Kelantan state government in facilitating this initiative. We are grateful for the trust and collaboration extended by both the state government and PKINK in making this project possible.
“At Samaiden, we remain committed to integrity, professionalism, and sustainability, and we hope this collaboration will pave the way for more impactful green initiatives ahead.”
In addition to the power facility, Samaiden will also prioritise local hiring and promote renewable energy awareness within the surrounding community.
The lease agreement is expected to contribute positively to the local economy by creating job opportunities and fostering knowledge exchange in the renewable energy sector.
