KUCHING: Zecon Bhd’s subsidiary, Zecon Renewables (Sarawak) Sdn Bhd, has signed a power purchase agreement (PPA) with Syarikat SESCO Bhd to develop a 100-megawatt alternating current (MWac) solar photovoltaic (PV) plant at Kota Petra Green Technology Park (KPGTP) here.
Under the agreement, Zecon Renewables will design, construct, own, operate, and maintain the facility, delivering electricity generated from solar PV to SESCO over a 30-year period, beginning in December 2027.
In a filing with Bursa Malaysia, Zecon said the PPA outlines its obligation to sell and deliver the net electrical output from the facility, while SESCO is required to purchase it according to agreed terms and conditions.
The company added that the PPA will not have a material impact on its earnings and net assets for the financial year ending Dec 31, 2025, but is expected to contribute positively once commercial operations begin.
Earlier, on Oct 16, Zecon had entered into a memorandum of understanding (MoU) with Edra Power Holdings Sdn Bhd and Neutrinos Engineering Pte Ltd for the potential development of an integrated energy complex (IEC) within the same park.
The complex will comprise a 200MWac solar PV plant and a 500MW combined-cycle gas turbine power plant.
Edra Power is an international independent power producer with operations in Malaysia, Bangladesh, the United Arab Emirates and Pakistan, managing eight power and desalination plants with a total capacity of 7,684MW. Neutrinos Engineering specialises in engineering, procurement, construction and commissioning (EPCC) for renewable-energy infrastructure and operations management.
The three parties will collaborate on feasibility studies, regulatory approvals, and securing off-take and fuel supply agreements, alongside project financing and contractor appointments.
Spanning 3,000 acres near Demak Laut Industrial Park and Senari Port, the KPGTP was designated a special economic zone last November, waiving foreign ownership restrictions to attract high-value investments in biotech, agritech, spacetech, smart manufacturing, AI data centres, and green technology.
The park’s master plan includes a 300MWac agrivoltaics solar farm with battery storage, aligning with Sarawak’s Post-COVID-19 Development Strategy 2030 (PCDS 2030). Zecon had also signed an MoU with Sarawak Incorporated Sdn Bhd to develop an integrated pineapple farming and solar-IoT model — the first of its kind in the state — merging green energy and agriculture to strengthen food security and drive green innovation.
Zecon group managing director Datuk Zanial Abidin Ahmad said the KPGTP is projected to attract RM12 billion in investments and create 10,000 jobs during its construction phase.
