KUALA LUMPUR: Meta Bright Group Bhd
said its wholly-owned subsidiary FBO Land (Setapak) Sdn Bhd executed a supply agreement with renewable energy with Tenaga Nasional Bhd and Surau Perumahan Pasdec II Indera Mahkota to implement a solar photovoltaic system at the surau's premises.
The collaboration follows a memorandum of understanding between Meta Bright and Koperasi Kakitangan Istana Pahang Bhd, dated May 30, 2023, to implement solar PV systems on the rooftops of mosques in the state under the supply agreement with renewable energy scheme.
"This project enables Meta Bright, through FBO Land, to participate in the renewable energy sector by implementing Solar PV systems at Surau premises in Pahang, contributing to the state's sustainability goals while generating long-term recurring income for the Group," it said in a stock exchange filing.
The solar PV system, with a capacity of 43.66 kWp (DC) / 36.00 kWac, will be contracted for a term of 20 years from the effective date. The solar tariff is set at 40.54 sen per kWh.
FBO Land will own the solar PV system throughout the 20-year term, while Tenaga Nasional will own the energy meter. Folowing the expiry of the 20-yera term, ownership of the solar PV system and the solar energy meter will be transferred to the surau at a cost of RM1.
