Malaysia’s Solar Management secures US$60.2 million for 50-MW Rembau solar park
Malaysian firm Solar Management (Seremban) Sdn Bhd has obtained MYR 247 million (US$60.2 million) to fund the construction of the 50 MW Rembau solar park. The sum is being provided by financial services firm Malaysia Building Society Bhd.
The photovoltaic (PV) plant is expected to be commissioned by November 2018. It will be located in Rembau, a district of Negeri Sembilan state, which is on the western coast of Peninsular Malaysia.
Mattan Engineering Sdn Bhd will provide engineering, procurement, construction and commissioning services for the project, while China Machinery Engineering Corp has been selected as equipment supplier.
The output of the solar park will be sold to Malaysian utility Tenaga Nasional Bhd under a 21-year off-take contract.
Solar Management, which is a unit of Solar Management (Chembong) Sdn Bhd, is one of the seven companies that were awarded solar project contracts by Malaysia’s Energy Commission Suruhanjaya Tenaga last year in a competitive bidding process.
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