Malaysia’s Kejuruteraan Asastera Bhd bags power purchase agreements worth RM46.8mil in Thailand
Kejuruteraan Asastera Bhd (KAB) has secured five rooftop solar power generating system construction and power purchase agreements worth RM46.8mil in Thailand.
The agreement requires KAB to construct, install, operate, and maintain the grid-connected photovoltaic (GCPV) solar system for Siam Machinery and Equipment Co Ltd and four subsidiaries of Aapico Group of Companies.
In a statement, the electrical and mechanical engineering services provider said the agreements, which have a combined capacity of 4,284 kWp, have a contracted duration of over 25 years to operate and maintain the GCPV solar systems
“KAB has been actively developing a solid base within Thailand’s renewable energy space and the signing of these PPAs has demonstrated our continued foray into Thailand’s renewable energy sector as we remain steadfast to actively replenish the recurring income streams, while at the same time, further solidifying KAB’s footing in the industry.
“Our commitment towards our sustainability framework has bode well for KAB as we advance our sustainability efforts to Be Good and strive to Do Good as a One-Stop Engineering and Energy Solutions Provider,” said KAB managing director Datuk Lai Keng Onn.
As at February 2022, KAB has a combined installed capacity of 12,695 kWp of solar projects, which include 5,073 kWp in Thailand and 7,622 kWp in Malaysia.
With the inclusion of the new PPAs, the group’s total installed capacity will increase to 16,979 kWp, for which Thailand accounts for 55% of the total installed capacity of KAB’s solar projects.