- The company equated this opening as ‘Switching On the SUN’
- It will operate and maintain the rooftop solar PV system with an installed capacity of 531 kWp for 20 years
Samaiden Group Berhad, a clean energy solution provider recently announced that the Group’s wholly-owned subsidiary, Samaiden Capital Management Sdn. Bhd.’s first solar investment project at Sunway Nexis commenced operation on 23 December 2022.
It is learnt Samaiden will operate and maintain the rooftop solar PV system with an installed capacity of 531 kilowatt-peak (kWp) for a duration of 20 years. The company believes that around 8,400 tonnes of carbon emissions can be reduced, owing to the generation of 12.5 million kilowatt hours (kWh) of energy over the 20-year period.
Samaiden Group MD, Ir. Chow Pui Hee remarked, “As part of the diversification plan for our Group, we are delighted to see the completion of this first investment project, in which the Power Purchase Agreement (PPA) was signed with Perbadanan Pengurusan Sunway Nexis (Sunway Nexis Management Corporation) back in December 2021.”
Ir. Chow further pointed out that the facility will contribute positively to the company’s revenue and cash flow on a recurring basis for two decades.
Sunway Nexis Management Corporation Chairman, Mr Teo Poh Heng stated, “We must focus on the future of our planet and emphasize the sustainability of renewable energy (RE) and Sunway Nexis is happy to partner with Samaiden as the solar PV investor as this will certainly help to raise awareness of RE and its benefits to the owners and tenants of the building. I must thank Samaiden for taking this bold initiative to invest in Solar PV for Sunway Nexis as this is in line with our nation’s initiative on implementing Environmental, Social and Governance (ESG) principles in the workplace. It starts with wise and timely corporate decisions that have long-term repercussions for all concerned.”
“With the recent announcement made by the Minister of Natural Resources, Environment and Climate Change YB Nik Nazmi Nik Ahmad on the surcharge of 20 sen/kWh to be imposed for industry medium voltage and high-voltage users including multinational corporations, we foresee that the solar PV system will be the best alternative for them to deploy in order to reduce their electricity bills,” Ir. Chow added.
2013-born Samaiden is a renewable energy provider principally involved in the engineering, procurement, construction, and commissioning (EPCC) of solar photovoltaic (PV) systems and power plants. The Group’s other business activities include the provision of renewable energy (RE) and environmental consulting services, as well as operation and maintenance (O&M) services.
