Reference is made to the Company’s announcement dated 13 January 2025, whereby the Company announced that its wholly-owned subsidiary, Daya Cipta Sdn. Bhd. [Registration No. 199301019654 (274392-A)] (“DCSB”), has accepted a Letter of Notification dated 23 December 2024 on 10 January 2025, from the Energy Commission, for the development of a Large Scale Solar Photovoltaic Plant (“LSS Plant”) of 29.99 megawatt on a site owned by the Company in Gebeng, Kuantan, Pahang.
Pursuant thereto, the Board of Directors of the Company is pleased to announce that DC Solar One Sdn. Bhd. [Registration No.: 202501004584 (1605997-A)] (“DCSO”), a wholly-owned subsidiary of DCSB and nominated by DCSB, has entered into a power purchase agreement (“PPA”) with Tenaga Nasional Berhad [Registration No. 199001009294 (200866-W)] (“TNB”) on 17 March 2025, whereby DCSO agrees to sell and TNB agrees to purchase the solar photovoltaic energy generated by the LSS Plant and delivered to TNB pursuant to the terms and conditions of the PPA.
Kindly refer to the attachment for further details.
This announcement is dated 19 March 2025.