KUALA LUMPUR, Feb 3 (Bernama) -- Salcon Bhd’s indirect unit Mentari Kamuning Sdn Bhd (MKSB) has signed a new enhanced dispatch agreement (NEDA) connection agreement with Tenaga Nasional Bhd (TNB).
MKSB is 70 per cent owned by Salcon’s wholly-owned subsidiary Energy Valley Sdn Bhd, while the remaining 30 per cent is held by KAB Smart Solar Energy Sdn Bhd.
In a filing with Bursa Malaysia last week, Salcon said the agreement enables MKSB to operate as a generator company to design, construct, own, operate, and maintain a solar energy generation facility with a capacity of seven megawatts (MWac) in Sungai Siput, Kuala Kangsar, Perak.
“Under the agreement, MKSB will design, construct, own, operate, and maintain a solar energy generation facility with a capacity of 7MW or MWac, if applicable, to be located in Sungai Siput, Kuala Kangsar, Perak.
“The facility will generate and supply energy to TNB under the NEDA scheme,” the company said.
It added that under the NEDA Guidelines issued by the Energy Commission, and subject to MKSB meeting the specified conditions, TNB will grant MKSB access to its distribution system for energy supply.
Salcon noted that the agreement will not have a material impact on the net assets or earnings of the group for the financial year ending Dec 31, 2025.
“Salcon expects positive earnings contributions from the facility starting from its commercial operation date and continuing for 21 years,” it added.
-- BERNAMA
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