KUALA LUMPUR: Hibiscus Petroleum Bhd
has commenced the construction of its 12MWp, ground-mounted solar photovoltaic (PV) farm on a 26-acre site in Sungai Liang industrial Park (Spark) in Brunei.
The solar farm is expected to deliver its first power by the end of this year and will supply renewable electricity exclusively to the group’s low-pressure compressor (LPC) facility at the onshore processing plant (OPP), which serves as the project’s sole off-taker.
Upon completion, Hibiscus Petroleum expects the facility to contribute stable cashflows, supporting long-term and predictable returns while further enabling the group’s expansion into energy-transition activities.
In addition, the project is expected to support a meaningful reduction in operational emissions and enhance reliability and sustainability of energy supply to the plant.
Datuk Seri Paduka Awang Haji Mohamad Azmi Haji Mohd Hanifah, Deputy Minister (Energy) at the Prime Minister’s Office of Brunei, said Brunei continues to advance demand-side efficiency through measures such as the Energy Efficiency Standards and Labelling Act, alongside improvements in generation efficiency and system optimisation.
"Together, these actions strengthen energy security while reducing emissions intensity.”
Hibiscus Petroleum managing director Datuk Kenneth Pereira said the project is aligned with our 2030 mission of diversifying into energy transition projects by developing power generation assets that deliver stable cash flows with predictable long-term returns and dividends, while maintaining our disciplined capital allocation framework.
"It also underscores Brunei as a major growth hub for the group. The development complements our existing operational asset in the country, deepening our presence and strengthening our contribution to the Brunei energy ecosystem."
