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🇲🇾 Malaysia /Energy & Infrastructure

M K Land to Build 29.99MW Solar Plant in Kulim

From Utusan Malaysia · () Malay

Translated from Malay and summarized by DistantNews. Read the original for the full story.

At a glance

News Named sources Context piece
  • M K Land Holdings Berhad, through its subsidiary Citra Energies Sdn. Bhd., has secured financial close for a 29.99 MW solar photovoltaic plant in Kulim, Kedah.
  • The project, part of the Corporate Green Power Programme (CGPP), aims to support Malaysia's transition to a low-carbon economy and its net-zero target by 2050.
  • Upon completion, the solar farm will supply energy to Tenaga Nasional Berhad's grid and corporate users via a Virtual Power Purchase Agreement (VPPA) for 21 years.

M K Land Holdings Berhad is making significant strides in the renewable energy sector with the financial close secured for its new 29.99 MW solar photovoltaic (PV) plant in Kulim, Kedah. This development, undertaken by its subsidiary Citra Energies Sdn. Bhd., marks a crucial step in the company's commitment to sustainable energy solutions and aligns with Malaysia's broader national agenda for a low-carbon economy.

The project's commencement in Mukim Padang Meha, under the Corporate Green Power Programme (CGPP), underscores M K Land's long-term vision for developing a robust sustainable energy platform. Frankie Chai, Group COO of Resources at M K Land and Director of Citra Energies, emphasized that this initiative reflects the company's confidence in clean energy as a driver for economic resilience and regional competitiveness. It directly supports Malaysia's ambitious goal of achieving net-zero emissions by 2050.

This project reflects our long-term commitment to developing a sustainable energy platform to support Malaysia's transition to a low-carbon economy.

· Frankie ChaiThe COO of M K Land's Resources division highlights the company's strategic focus on sustainability.

This venture is a testament to strategic global and local collaboration, involving financing from international financial institutions and the engagement of local experts for Engineering, Procurement, Construction, and Commissioning (EPCC) services. Once operational, the solar facility will feed directly into Tenaga Nasional Berhad's (TNB) grid. Furthermore, it will supply power to corporate consumers through a 21-year Virtual Power Purchase Agreement (VPPA), ensuring a stable, recurring revenue stream for M K Land.

This achievement builds upon M K Land's previous success with its first large-scale solar project, Solar Citra in Perak, which has a capacity of 10.95 MW under the LSS4 program. The development of this new plant is also in sync with the National Energy Transition Roadmap (NETR), highlighting the importance of public-private partnerships in advancing the nation's sustainable energy infrastructure. The demand from multinational corporations seeking clean energy solutions for their operations makes this project particularly timely and strategically important for M K Land.

It symbolizes our confidence in the future of clean energy as a driver of economic resilience and regional competitiveness, in addition to supporting the nation's net-zero targets by 2050.

· Frankie ChaiChai further elaborates on the economic and environmental significance of the renewable energy project.
About this summary

Originally published by Utusan Malaysia in Malay. Translated, summarized, and contextualized automatically by DistantNews, with a note on how the source frames the story. Not individually reviewed before publishing. How this works.

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