PETALING JAYA: Pekat Group Bhd
has secured a 15-year power purchase agreement (PPA) with Dutch Lady Milk Industries Bhd to develop and operate a rooftop solar photovoltaic (PV) system at the dairy producer’s facility in Negri Sembilan.
In a filing with Bursa Malaysia yesterday, Pekat said its indirect wholly-owned subsidiary, Pekat Solar Sdn Bhd, will design, construct, install, own, operate and maintain the solar PV system at Dutch Lady’s plant in Bandar Enstek, Nilai.
The system will have a direct current capacity of 3,960.13kWp and is expected to commence operations in the fourth quarter of 2026.
Pekat said the estimated project value, based on projected revenue over the agreement period, is about RM23.04mil.
Under the agreement, Pekat Solar will retain ownership of the solar PV system throughout the contract term.
Three months before the expiry of the PPA, Dutch Lady may either renew the agreement on mutually agreed terms or acquire ownership of the solar PV system.
