KAB subsidiary bags two hydropower projects under SEDA FiT 2.0
the Sustainable Energy Development Authority's (SEDA) FiT 2.0 initiative.
In a statement, the one-stop provider of sustainable energy and engineering solutions said the two projects have outputs of 5.2MW and 2.84MW, for an additional installed capacity of 8.04MW.
It said the SES segment will benefit from predictable, recurring revenue over a 21-year period through SEDA's structured tariff framework.
"With a fixed tariff of 34 sen/kWh for the first 10 years and 32 sen/kWh for the subsequent 11 years, the group's bold move to initiate its RE portfolio through its mini-hydropower project in Indonesia is now translating into tangible growth and a stronger local presence," it said.
The projects build on the group's mini-hydropower project in Indonesia, which was acquired in August 2023 and also powered by run-of-river technology known for minimal environmental impact.
KAB executive deputy chairman and group managing director Datuk Lai Keng Onn said the progression from Indonesia to Malaysia highlights the SES segment's scalability and synergy as it continues to unlock the growth potential of the sustainable energy portfolio.
"We aspire to continue contributing to Malaysia's energy transition goals, ensuring that each initiative delivers significant, sustainable economic growth - while more importantly, strengthening our national energy security.'
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