PROPERTY developer S P Setia Bhd has embarked on a project to equip its main buildings with solar panels.
The project, undertaken by Tenaga Nasional Bhd (TNB) via its subsidiary GSPARX Sdn Bhd, will provide 10MWp of electricity at seven commercial buildings – S P Setia headquarters, Setia City Mall, Setia City Convention Centres 1 and 2, Setia Ecohill Club 360 as well as Setia Alamsari and Setia Tropika Welcome Centres.
S P Setia president and chief executive officer Datuk Choong Kai Wai said nearly 500 solar panels would be installed.
“This is part of our green agenda to address the challenges of climate change by installing environmental-friendly infrastructure at our premises.
“We hope to encourage the adoption of green lifestyle among our communities,” he said in his speech at the project launch at the company headquarters in Shah Alam, Selangor.
The project is a result of a memorandum of understanding (MOU) signed with TNB on April 12.
“Once completed, this project is estimated to reduce our carbon footprint by some 9,000 metric tons a year.
“We hope this collaboration will help propel Malaysia towards its pledge of achieving carbon neutrality by 2050,” he added.
TNB chief retail officer Datuk Megat Jalaluddin Megat Hassan said S P Setia’s effort would set an example for other industry players to follow suit.
“Since the signing of the MOU with S P Setia, other property developers have also registered their interest for a similar programme.
“This initiative marks a significant milestone in S P Setia’s effort towards environmental sustainability,” he added.
Also present at the event were S P Setia chief strategy officer Lindayani Tajudin and TNB chief customer officer (Retail Division) Nasaruddin Mohd Zaini.
Incorporated in 1974, S P Setia has 47 ongoing projects as of June 30, with a gross development value at RM120.88bil.