Perak Transit Berhad’s Subsidiaries Signs Agreement With Tenaga Nasional Berhad And GSPARX To Install Solar PV System

Perak Transit Berhad (PTRANS) announces that CKS Bumi Sdn Bhd, CKS Labur Sdn Bhd, Star Kensington Sdn Bhd and The Combined Bus Services Sdn Bhd, all subsidiary companies of the Company, have separately entered into a Supply Agreement for Renewable Energy between Tenaga Nasional Berhad (TNB) and GSPARX Sdn Bhd to install solar photovoltaic energy generating system with a total installed capacity of 422 kWp at the designated site of the premises of PTRANS Subsidiaries.

PTRANS Subsidiaries shall purchase and accept the solar energy generated from the Solar PV systems measured in kWh by the solar energy meter (Net Electrical Output), delivered and supplied to PTRANS Subsidiaries at Terminal Meru Raya in Ipoh (The Combined Bus Services Sdn Bhd), Kampar Putra Sentral in Kampar (The Combined Bus Services Sdn Bhd), Shell Petrol Station in Tanjung Rambutan (Star Kensington Sdn Bhd), Shell Petrol Station in Lahat (CKS Labur Sdn Bhd) and Petron Petrol Station in Kuala Kangsar (CKS Bumi Sdn Bhd), by GSPARX Sdn Bhd. 

PTRANS Subsidiaries shall make payment in full based on the monthly billings issued by TNB in accordance with such Net Electrical Output generated. The Agreements are valid for a term of 20 years from the date of signing the Agreements.

The Agreements are part of PTRANS’ Environment, Social and Governance transformation blueprint to elevate the Group to become a  sustainability leader in Malaysia.  By installing the Solar PV systems with zero capital expenditure to the Group, the Group expects it will bring in an estimated total savings of RM3.5 million in 25 years and reduce reliance on conventional power sources.

The Solar PV systems will also contribute to helping the Group to promote clean energy and minimise the nation’s carbon footprint, with an estimated CO2 offset of 241.5 Metric Tons.