News

SJK(C) Beng Teik signs renewable energy agreement with TNB subsidiaries

KUALA LUMPUR, July 14 (Bernama) -- SJK(C) Beng Teik in Bukit Mertajam, Pulau Pinang has inked a supply agreement for renewable energy (SARE) with Tenaga Nasional Bhd (TNB) and its subsidiaries, TNBX Sdn Bhd and GSPARX Sdn Bhd.

This has made SJK(C) Beng Teik the first school in the state to install solar panel systems on the rooftops of school buildings.

“Once the installation is completed in October this year, the school will generate 77.5kW of electricity to partly cover the cost of its electricity bill,” TNB said in a statement.

The SARE is a tripartite contract between TNB, GSPARX as the registered solar PV Investor (RPVI) and SJK(C) Beng Teik as the customer.

It allows SJK(C) Beng Teik to enjoy a lower electricity rate than the gazetted tariff.

SJK(C) Beng Teik can also sell the excess solar energy from the solar PV installation to TNB and get energy credit on a ‘one-on-one’ offset basis to further reduce its electricity bills via the Net Energy Metering (NEM) scheme.

TNB Chief Retail Officer Ir Megat Jalaluddin Megat Hassan said the scheme was generally offered to local and federal governments, as well as commercial and industrial customers to help reduce their electricity costs through renewable energy generation.

“We hope that the SARE scheme will be one of the initiatives to ensure sustainable value creation,” he said.

Megat Jalaluddin also disclosed that TNB was exploring collaboration opportunities with several experienced companies with an established footprint in renewable energy markets.

-- BERNAMA

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