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M K Land Diversifies Into Renewable Energy With Solarvest As Its EPCC Solutions Provider 

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M K Land Diversifies Into Renewable Energy With Solarvest As Its EPCC Solutions Provider

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growatt01-08-2022

Property developer, M K Land Holdings Berhad held a groundbreaking ceremony for its first renewable energy development, a 10.95-megawatt large-scale solar photovoltaic plant in Kerian, Perak Darul Ridzuan. The ceremony was officiated by Puan Hjh. Felina Binti Tan Sri Datuk (Dr.) Hj. Mustapha Kamal, the Executive Chairman of M K Land. They were joined by representatives from Solarvest Holdings Berhad, the appointed engineering, procurement, construction, and commissioning solutions provider for the project.

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The solar PV plant is part of the fourth cycle of the large-scale solar programme awarded by the Energy Commission. The project is undertaken by Solar Citra Sdn. Bhd., a wholly-owned subsidiary of M K Land Resources Sdn. Bhd., which in turn is a wholly-owned subsidiary of M K Land. In July 2021, SCSB awarded the EPCC contract to Atlantic Blue Sdn. Bhd., a wholly-owned subsidiary of Solarvest for RM42.9 million. Subsequently, M K Land signed a Solar Power Purchase Agreement with Tenaga Nasional Berhad in August 2021 for a period of 21 years upon the site’s commissioning on 30 December 2022.

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Deputy Chief Operating Officer of M K Land Holdings Berhad, Tn. Hj. Kamarulzaman Abu Bakar said, “This is a monumental day for us as we make significant headways into the renewable energy space. The new solar PV plant will strengthen the earning visibility of the company due to its recurring nature, in this case, for the next 21 years. Apart from the monetary benefits, we are also proud to now call ourselves an active participant in this race against global warming.”

The solar PV plant is projected to generate a clean energy capacity of approximately 22,735 MW-hour per annum.

Executive Director and Group Chief Executive Officer of Solarvest, Mr Davis Chong Chun Shiong said, “We are honoured to be entrusted to build this landmark project – the first renewable energy development in M K Land’s history. With the implementation of our cutting-edge engineering solutions and project management prowess, we are confident in maximizing the energy yield of the plant in a cost-effective manner, as well as ensuring timely delivery.”

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The project is 1 of the 8 EPCC contracts secured by Solarvest under the LSS4 programme. Apart from that, the company is also developing 3 large-scale solar PV plants with an accumulated capacity of 50.00 MW, which it will own and operate.

“With a grand total of 8 EPCC contracts and 3 self-owned projects clinched under the LSS4 programme, Solarvest is proud to be at the forefront of Malaysia’s bid to achieve a 31% renewable energy mix by 2025. Our role in building and developing renewable energy assets across the peninsular also contributes to the nation’s aspiration of reaching carbon neutrality by 2050,” Mr Davis added.  

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