KUALA LUMPUR: G Capital Bhd's 70 per cent-owned subsidiary, Solarcity Malaysia Sdn Bhd (SMSB), has bagged two solar photovoltaic (PV) system projects from KSK Group in Kuala Lumpur and Selangor.
In a filing to Bursa Malaysia yesterday, G Capital said SMSB has received letters of award (LoA) from KSK KD Property Sdn Bhd and KCJ Properties Sdn Bhd to design, construct, install, own, operate and maintain solar PV systems with a capacity of 181 kilowatt peak (kWp) and 90 kWp, respectively, on the premises of KSK KD and KCJ Properties.
G Capital executive director Tan Sri Dr Ali Hamsa said these awards from KSK Group, another renowned client, continues to fuel the company's excitement for the future as it witnessed its second and third solar PV system power-up in January and February 2022.
"We are here to help businesses, not just manufacturers, on electrical savings via solar PV generation.
"Installation of solar PV system at the rooftop of the 10-storey building of KCJ Properties will be our first amongst many to come for high rise buildings.
"I do agree that solar PV installation at a 10-storey high rise building may possess higher construction risks compared to low rise buildings.
"Nonetheless, we shall be able to manage it well with strict safety measures," he said in a separate statement.
Following the execution of the LoA, SMSB will enter into a 25-year power purchase agreement (PPA) with both KSK KD and KCJ Properties.
Ali said the solar PPA is expected to contribute positively to the future earnings of G Capital while reducing KSK Group's energy expenditure and carbon footprint.