UiTM Solar Power Dua plans RM100m green SRI Sukuk

TheStar Tue, Dec 01, 2020 04:03pm - 3 years View Original


File pic of a solar plant.

KUALA LUMPUR: University Teknologi MARA's unit, UiTM Solar Power Dua Sdn Bhd (UiTM Solar 2) has proposed a green SRI Sukuk of up to RM100mil which would be used for its solar plants.

Malaysian Rating Corporation Bhd (MARC) said on Tuesday it had assigned a preliminary rating of AA-IS to UiTM Solar 2's sukuk with a stable outlook for the rating.

UiTM Solar 2 was set up to develop and operate a 25MW solar power plant in Pasir Gudang, Johor.

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