News

Energy Commission Selects Lbs Bina Subsidiary, Consortium Partners For Solar Power Project

KUALA LUMPUR, Nov 10 (Bernama) -- The Energy Commission has selected LBS Bina Group Bhd subsidiary Setara Armada Sdn Bhd and its consortium partners as the solar power producer (SPP) in its corporate green power programme (CGPP) to develop a 28.67 megawatts (MW) solar power plant.

In a filing with Bursa Malaysia today, the consortium, which includes MWG Power Sdn Bhd and Ocean Solar Energy Sdn Bhd, was selected from a second batch of 46 applications.

The filing said the total 800 MW quota under CGPP is now fully subscribed and the selected SPPs are required to take the next step which is to submit an application to participate in the New Enhanced Dispatch Arrangement programme within three months from the EC notification.

LBS Bina said the project is in line with its environmental, social, and governance commitment, and its involvement in the CGPP underscores the group’s eco-friendly practices in its core business operations.

The project will strengthen LBS Bina’s position as a responsible corporate entity and also pave the way for the company to enter the renewable energy sector.

“The group is set to make a substantial contribution in reducing carbon emissions and to play a central role in advocating clean energy efforts within the region,” it said.

Barring any unforeseen circumstances, the project is expected to contribute positively to the group’s future earnings, the filing said.

-- BERNAMA

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