The Company will undertake a development of a 5.00 MWa.c. Large Scale Solar Photovoltaic (PV) Plant in Kunak, Sabah KUALA LUMPUR, Dec 15 (Bernama) -- Bursa Malaysia-listed construction company, Bina Puri Holdings Bhd announced today that its wholly-owned subsidiary BP Energy Sdn Bhd (“BP Energy”) had signed a
Power Purchase Agreement (PPA) with
Sabah Electricity Sdn Bhd (SESB) dated 1
st December 2021 to
undertake a development of a 5.00 MWa.c.
Large Scale Solar Photovoltaic (PV) Plant in Kunak, Sabah. The Commercial Operation Date is scheduled on 30 June 2023.
A filing with Bursa Malaysia showed that BP Energy will design, construct, test, commission, own, operate and maintain a solar photovoltaic energy generating facility with a capacity of 5.00MWa.c. to be located at Lot NT 243021423 & Lot NT 243021445 Kg Dasar, Kunak, Sabah for connection to SESB’s medium voltage Distribution Network at PMU Kunak. The PPA contractual term will be for 21 years from the Commercial Operation Date.
Commenting on the latest development of the project,
Bina Puri Group Executive Director, Datuk Matthew Tee Kai Woon said: “
After 4 years of receiving the Letter of Acceptance of Offer for this project from Suruhanjaya Tenaga (ST), we are very pleased that we have finally signed the PPA. Out of ten companies that were awarded under LSS2 in Sabah, Bina Puri is the first company to sign the PPA with SESB. This marks an important milestone for the Group as this is Bina Puri’s first power project in Malaysia, following the successful listing of our power subsidiary in June 2017 at the Indonesia Stock Exchange.”“We look forward to contributing to our own nation using renewable energy solutions which is in line with Government’s efforts to create a more sustainable and green future. With this announcement, we hope to secure more power projects in Malaysia especially in Sabah as we also have a strong presence in other sectors such as construction and property development,” he elaborated. On 5 June 2017, Bina Puri’s power unit, PT Megapower Makmur (MPOW), an independent power producer was listed on Indonesia Stock Exchange, IDX. MPOW is operating four diesel power plants with a capacity of 14.0 megawatts at four (4) locations throughout Indonesia and a 4.2 megawatts mini-hydro plant at Sulawesi Selatan, Indonesia. Bina Puri is the first Non-Government Linked Company (Non-GLC) successfully listed on the Indonesia Stock Exchange (IDX).
Bina Puri has also supported green energy initiatives by installing solar panels along the KL-Kuala Selangor Expressway (LATAR) to reduce energy costs under an arrangement with Tenaga Nasional Berhad. The solar panels were mounted on useable rooftops and on designated land area with a combined capacity of 413.60kWp.
About Bina Puri Bina Puri Holdings Bhd is a public listed company on the Main Board of Bursa Malaysia with more than 46 years of work experience in civil and building construction both locally and internationally. The Group’s diverse business activities include investment holdings, civil and building engineering management, property development, highway concession, quarry operations, manufacturing of construction materials, utilities and hospitality management.
Bina Puri has successfully completed projects such as roads and highways, bridges and interchanges, waterworks, land reclamation works, residential and commercial buildings, hotels, hospitals, airports and government complexes. The Group has an international presence in which it has successfully undertaken projects in Cambodia, China, Brunei Darussalam, United Arabs Emirates, Saudi Arabia, Pakistan, India, Indonesia and Thailand.
Bina Puri’s notable investment portfolios include the 33km toll highway linking KL-Kuala Selangor Expressway, the Main Place Residence, Mall at USJ 21, and power plants in Indonesia.
Source: Bina Puri Holdings Bhd
FOR MORE INFORMATION, PLEASE CONTACT:
Bina Puri Holdings Bhd
Name: Norpaizah Abdul Wahab
Tel : 03-6136 3333 / 019 2214404
Fax : 03-6136 9999
Email : norpaizah@binapuri.com.my
--BERNAMA 
