KAB bags power purchase agreements worth RM46.8mil in Thailand

TheStar Tue, Mar 22, 2022 02:11pm - 1 year View Original

KUALA LUMPUR: Kejuruteraan Asastera Bhd (KAB) has secured five rooftop solar power generating system construction and power purchase agreements worth RM46.8mil in Thailand.

The agreement requires KAB to construct, install, operate, and maintain the grid-connected photovoltaic (GCPV) solar system for Siam Machinery and Equipment Co Ltd and four subsidiaries of Aapico Group of Companies.

In a statement, the electrical and mechanical engineering services provider said the agreements, which have a combined capacity of 4,284 kWp, have a contracted duration of over 25 years to operate and maintain the GCPV solar systems

"KAB has been actively developing a solid base within Thailand’s renewable energy space and the signing of these PPAs has demonstrated our continued foray into Thailand’s renewable energy sector as we remain steadfast to actively replenish the recurring income streams, while at the same time, further solidifying KAB’s footing in the industry.


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