HSS Engineers Berhad (HSS), an engineering and project management consultant, is poised to initiate a consistent revenue stream. Its subsidiary, HSS Engineering Sdn Bhd (HSSE), in collaboration with Shizen International Inc, Solarvest Asset Management Sdn Bhd, and Aziho Trading Sdn Bhd, has received a Letter of Notification from the Energy Commission (Suruhanjaya Tenaga) to develop a 29.99 Megawatt Solar PV Plant in Kuala Muda, Kedah.
HSSE holds a 10% stake in the Consortium. The project entails the development, financing, construction, ownership, operation, and maintenance of the PV Plant on a build, operate, and transfer basis. The expected Commercial Operation Date for the PV Plant is December 2025.
HSSE will also be responsible for Engineering Design and Project Management Services for the venture. The project’s realization hinges on two conditions: the execution of a virtual power purchase agreement with a corporate consumer committing to buying virtual solar energy for 20 years, and approval from the Suruhanjaya Tenaga for the Consortium’s application under the New Enhanced Dispatch Arrangement.
Aligned with Malaysia’s Corporate Green Power Programme, the project underscores the government’s initiative for businesses to participate in promoting and using renewable energy in their operations. This development occurs within a year of HSS signing a Memorandum of Understanding (MOU) with Shizen, a renewable energy company. The MOU aimed to jointly explore solar projects with a cumulative capacity of up to 250 MW within three years.
“We are proud to secure a momentous breakthrough in establishing our fourth vertical of recurring income, which would provide us with longer-term visibility on future earnings,” stated Tan Sri Ir. Kuna Sittampalam, Executive Vice Chairman of HSS Engineers Berhad.
He highlighted the project’s significance in propelling the group forward in the renewable energy sector, supporting electricity consumers’ aspirations for environmental sustainability.
The venture aligns with the Group’s growth strategy, diversifying sector coverage, revenue sources, and sustainability, contributing to Malaysia’s greenhouse gas emission reduction goals.
