Kumpulan Perangsang Selangor Berhad Signs MoU With Consortium For Solar Energy

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Kumpulan Perangsang Selangor Berhad (KPS Berhad) enters into a Memorandum of Understanding (MOU) with WORLDWIDE HOLDINGS BERHAD (WHB) DYNAC SDN BHD and MAJULIA SDN BHD Consortium to explore the possibility of negotiating and entering into a long-term corporate green power agreement (CGPA) between KPS Berhad and its participating subsidiaries as the off-taker and Consortium via a special purpose vehicle of the Consortium as the provider.


The subsidiaries that will be participating with KPS Berhad in the CGPA are CPI (Penang) Sdn Bhd, Taspack Industrial Sdn Bhd, Prestige Packages Sdn Bhd, and Toyoplas Manufacturing (Malaysia) Sdn Bhd.


The Consortium is currently participating in the corporate green power programme under the Energy Commission of Malaysia by submitting a solar power plant application to Energy Commission.


The MOU forms the basis of the commitment of KPS Berhad and the Consortium to collaborate with each other to integrate sustainability considerations into KPS Berhad’s corporate and business strategy, by exploring the possibility of procuring solar energy from the Consortium for KPS Berhad Selected Group’s business operations.

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By participating in the CGPP, KPS Berhad Selected Group would receive in return the renewable energy certificate (REC) to reflect its corporate environment, and social and governance commitment to reducing its carbon footprint by offsetting its greenhouse gas emissions with the REC.

The Consortium is currently participating in CGPP by submitting a solar power plant application to the Energy Commission by the 20th of March 2023 (Closing Date). The Consortium is expected to be informed of the results within three months from the Closing Date.

The Consortium shall, upon the success of the application would engage and utilize the SPV for the development, construction, and operation of the development, construction, and operation of a solar project in Malaysia.

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