KUCHING: AIZO Group Bhd’s 63 per cent-owned unit, Wawasan Demi Sdn Bhd (WDSB), has inked a 21-year power purchase agreement (PPA) with Tenaga Nasional Bhd (TNB) for a 99.99 MWac large-scale solar photovoltaic project in Kampar, Perak.
The project, awarded under the national LSS programme, is slated to begin commercial operations by October 30, 2027. WDSB will design, construct, own, operate, and maintain the facility, supplying electricity to TNB’s grid.
AIZO said the project would be financed through internal funds and/or bank borrowings and is expected to significantly boost the group’s long-term earnings while strengthening its clean energy portfolio.
Executive chairman Datuk Abang Abdillah Izzarim hailed the PPA as a milestone, underscoring AIZO’s growing presence in renewable energy alongside its established civil engineering and infrastructure businesses.
Separately, Reservoir Link Sdn Bhd (RLSB) secured a three-year contract from EnQuest Petroleum Production Malaysia Ltd to provide tubing conveyed perforation (TCP) equipment and services, effective January 24, 2025.
Reservoir Link Energy Bhd (RLEB), RLSB’s parent company, said the call-off contract’s value will depend on actual work completed and is expected to contribute positively to earnings from FY2025 through FY2028.
