OTHERS POWER PURCHASE AGREEMENT ENTERED INTO BETWEEN PERBADANAN PENGURUSAN SUNWAY NEXIS AND SAMAIDEN CAPITAL MANAGEMENT SDN BHD ("CONTRACT")
| SAMAIDEN GROUP BERHAD |
| Type | Announcement |
| Subject | OTHERS |
| Description | POWER PURCHASE AGREEMENT ENTERED INTO BETWEEN PERBADANAN PENGURUSAN SUNWAY NEXIS AND SAMAIDEN CAPITAL MANAGEMENT SDN BHD ("CONTRACT") |
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Further to the announcement made by the Company on 6 December 2021 in relation to the query from Bursa Malaysia Securities Berhad dated 6 December 2021, the Board of Directors wishes to provide further information on the expected dates of commencement and expiry of the Contract.
As announced on 6 December 2021: The works on the installation of rooftop solar photovoltaic (“PV”) power system is expected to commence in January 2022 and complete by March 2022.
Further information: For the avoidance of doubt, the Contract period is 20 years and shall commence upon the completion of installation of the rooftop solar PV power system. As the installation of rooftop solar PV power system is expected to commence in January 2022 and complete by March 2022, the Contract is targeted to commence in March 2022 and expire in February 2042.
This announcement is dated 7 December 2021. |
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Announcement Info
| Company Name | SAMAIDEN GROUP BERHAD |
| Stock Name | SAMAIDEN |
| Date Announced | 07 Dec 2021 |
| Category | General Announcement for PLC |
| Reference Number | GA1-07122021-00041 |