G Capital Berhad’s Subsidiary Signs Solar PPA With Aryzta Food Solutions Malaysia

G Capital Berhad announces that Solarcity Malaysia Sdn. Bhd., a 70%-owned subsidiary of the Company signed Solar Power Purchase Agreements with Aryzta Food Solutions Malaysia Sdn. Bhd.

Solarcity will supply solar photovoltaic energy to Aryzta via a solar photovoltaic energy generating system with a total capacity of 1,100 KWp at the premises of Aryzta.

The PPA will be for a period of Twenty-Five years from the effective date in accordance with the agreed terms and conditions as stipulated in the PPA.

Aryzta is a private limited company, incorporated and domiciled in Malaysia. Aryzta is principally involved in providing food services and food processing, as well as trading and frozen food.

Aryzta is a subsidiary of Aryzta AG, a public limited company listed on the Swiss Exchange, incorporated and domiciled in Switzerland. The group of companies are principally involved in producing and retailing speciality bakery products. Aryzta group of companies operates in North America, South America, Europe, South East Asia, Australia and New Zealand.

The PPA is not expected to have any material impact on the earnings and net assets of the Group for the financial year ending 31 December 2022.