KUALA LUMPUR: – Minetech Resources Bhd's wholly owned subsidiary, Techmile Resources Sdn Bhd (TRSB), has clinched an engineering, procurement, construction and commissioning (EPCC) contract from Tesdec Hydropower Sdn Bhd worth RM36.71 million.
In a statement today, the civil engineering specialist said the contract is for a three-megawatt (MW) mini-hydro power plant at Sungai Pelagat, Besut, Terengganu.
The project, which is expected to commence in January 2023, followed by construction in 2025, is expected to be completed by May 2027 and comes under the Sustainable Energy Development Authority's (SEDA) feed-in-tariff (FiT) programme.
Under the programme, businesses or individuals that hold SEDA's feed-in approval certificate can sell renewable energy (RE) at the FiT rate to distribution licensees such as Tenaga Nasional Bhd (TNB).
Executive chairman Datuk Dr Awang Daud Awang Putera said the project represents the company another step forward in its venture into RE that began in 2020 as part of an organisational transformation at Minetech, which includes diversification and rationalisation.
"Our move into RE enables us to partake in the development of a sustainable economy that is in line with initiatives in recent years to be greener and ensure social wellbeing.
"The three MW mini-hydro power plant project will allow us also to showcase what Minetech is capable of as we seek more opportunities in RE.
"As a registered solar photovoltaic investor with SEDA and the owner of a 9.99MW AC floating solar power plant located in Pantai Remis, Perak, we are also able to sell electricity to government agencies, businesses and individuals under SEDA's Net Energy Metering Programme (NEM) 3.0," he said.
Terengganu Menteri Besar Datuk Seri Dr Ahmad Samsuri Mokhtar said the state government is committed to driving economic growth through such projects where positive spillover effects include lowering greenhouse gas emissions, mitigating the impact of human activities to the environment and safeguarding the wellbeing of communities through socio-economic progress.