MUFG Bank (Malaysia), a subsidiary of Mitsubishi UFJ Financial Group, Inc., has announced that it acted as mandated lead arranger and sole green structuring advisor for an MYR342 million (US$83.00 million) syndicated financing facility for the development of a 100 MW solar plant located in Perak, Malaysia.
The Kerian solar plant, named after a district in northwestern Perak, is commissioned by a consortium comprising local power company TTL Energy Sdn Bhd and ENGIE Asia Pacific (ENGIE), the APAC arm of the French multinational energy company Engie SA, which
was one of the successful bidders under the third cycle of the Large-Scale Solar (LSS3) scheme introduced by the Malaysian government to increase electricity generation from renewable energy.
It is scheduled for commercial operation in Q1 2022 under a 21-year Power Purchase Agreement with Tenaga Nasional Berhad (TNB).
Country updates
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December 10, 2020
Jacobs awarded as project engineer for 1.2 GW gas-fired power plant in Pulau Indah
Jacobs was appointed by Pulau Indah Power Plant Sdn Bhd (PIPP) to deliver owner's engineer services for the development of a 1,200 megawatt (MW) Combined Cycle Power Plant (CCPP) situated on Pulau Ind...
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November 04, 2020
XSD Partners signs PPA with NEFIN for 9.2 MW solar project in Kedah
XSD International Paper Sdn Bhd has entered into a power purchase agreement (PPA) with NEFIN Group. XSD will install a 9.2-megawatt (MWp) solar PV system on its planned facilities in Kulim Indu...
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October 08, 2020
47 MW Redsol project has started commercial operation
Scatec Solar and partners have grid connected and reached commercial operation for the 47 MW Redsol project in Northwest Malaysia. The solar power plant is expected to deliver 67 GWh of elec...
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October 08, 2020
Construction of 13 MW floating solar in Selangor completed
Solarvest Holdings Berhad announced that it has successfully completed the construction and commissioning of 13 MW floating solar in Dengkil, Selangor, Malaysia. The plant is built on an ex-...
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September 09, 2020
Ipmuda signs EPC contract for solar project development in Marang
Ipmuda Berhad has signed an engineering, procurement, and construction (EPC) contract with Coara Marang Sdn Bhd worth MYR78 million (US$18.8 million) for the development of a 100 MW solar photovoltaic...
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