UEM Lestra, HEXA Renewables and ITRAMAS makes progress on 1GW hybrid solar power plant

Mohd Izani shaking hands with Lee in the presence of Choi (first from left, front row), and ITRAMAS chairman Datuk Khairuddin Ibrahim (right) at the agreement signing event between the parties. (From left, back row) Harsh, Amran and Tunku Hammam witnessing the event.

KUALA LUMPUR: UEM Group Bhd through its wholly-owned subsidiary and green industry arm, UEM Lestra Bhd along with HEXA Renewables Malaysia Sdn Bhd and ITRAMAS Corporation Sdn Bhd announced that they have made significant strides in developing the one-gigawatt (1GW) hybrid solar power plant, a project that was first announced by the Government in July 2023.

The 1GW project is a key flagship venture under the National Energy Transition Roadmap (NETR) and on July 27, last year, the three companies signed a Memorandum of Understanding (MoU) for UEM Group to consider participating through multiple potential roles including collaborating on project development, financing (including equity investments) and commercialisation (including offtake of green electricity).