Samaiden signs long-term lease for Kelantan solar project
From left: PKINK group chief executive officer Datuk Sr. Zamri Ismail, PKINK deputy group CEO - corporate affairs Ahmad Nazri Ismail, Kelantan Exco careers, infrastructure, water and rural development Datuk Dr Izani Husin, Samaiden group managing director Datuk Ir Chow Pui Hee and Samaiden Sdn Bhd project development director Ts. Makhzumi Ghazali.
KUALA LUMPUR: Samaiden Group Bhd's (Samaiden) wholly-owned unit, Samaiden Legasi Timur Sdn Bhd, has signed a long-term lease agreement with Perbadanan Kemajuan Iktisad Negeri Kelantan for the development of a large-scale solar photovoltaic (LSS) power plant under Malaysia's LSS5 programme.
The renewable energy company said the lease agreement covers approximately 400 acres of land in Pasir Mas, Kelantan, marking a major milestone for Samaiden.
'The land will be utilised to construct and operate a solar energy facility with a maximum export capacity of 99.99 megawatts of alternating current, to supply clean electricity to Tenaga Nasional Bhd under a Power Purchase Agreement.
'The lease is for 23 years, inclusive of a two-year construction period, and will commence upon fulfilment of several conditions precedent, including the successful award of the LSS5 project by the Energy Commission,' it said in a statement.
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The Star
3 days ago
- The Star
Samaiden signs long-term lease for Kelantan solar project
From left: PKINK group chief executive officer Datuk Sr. Zamri Ismail, PKINK deputy group CEO - corporate affairs Ahmad Nazri Ismail, Kelantan Exco careers, infrastructure, water and rural development Datuk Dr Izani Husin, Samaiden group managing director Datuk Ir Chow Pui Hee and Samaiden Sdn Bhd project development director Ts. Makhzumi Ghazali. KUALA LUMPUR: Samaiden Group Bhd's (Samaiden) wholly-owned unit, Samaiden Legasi Timur Sdn Bhd, has signed a long-term lease agreement with Perbadanan Kemajuan Iktisad Negeri Kelantan for the development of a large-scale solar photovoltaic (LSS) power plant under Malaysia's LSS5 programme. The renewable energy company said the lease agreement covers approximately 400 acres of land in Pasir Mas, Kelantan, marking a major milestone for Samaiden. 'The land will be utilised to construct and operate a solar energy facility with a maximum export capacity of 99.99 megawatts of alternating current, to supply clean electricity to Tenaga Nasional Bhd under a Power Purchase Agreement. 'The lease is for 23 years, inclusive of a two-year construction period, and will commence upon fulfilment of several conditions precedent, including the successful award of the LSS5 project by the Energy Commission,' it said in a statement.
The Star
3 days ago
- The Star
Samaiden inks Kelantan land deal for 99.99MWac solar project
From left: PKINK group chief executive officer Datuk Sr. Zamri Ismail, PKINK deputy group CEO - corporate affairs Ahmad Nazri Ismail, Kelantan Exco careers, infrastructure, water and rural development Datuk Dr Izani Husin, Samaiden group managing director Datuk Ir Chow Pui Hee and Samaiden Sdn Bhd project development director Ts. Makhzumi Ghazali. KUALA LUMPUR: Samaiden Group Bhd's wholly owned subsidiary, Samaiden Legasi Timur Sdn Bhd (SLTSB), has signed a long-term lease agreement with Perbadanan Kemajuan Iktisad Negeri Kelantan (PKINK) to develop a large-scale solar photovoltaic (LSS) power plant under Malaysia's LSS5 programme. In a statement, the renewable energy specialist said the 400-acre lease in Pasir Mas, Kelantan marks a key step in its renewable energy growth strategy. The land will be utilised to construct and operate a solar energy facility with a maximum export capacity of 99.99MWac, to supply clean electricity to Tenaga Nasional Bhd (TNB) under a power purchase agreement (PPA). The 23-year lease, which includes a two-year construction period, will begin once conditions such as the LSS5 project award by the Energy Commission and the signing of the PPA with TNB are met. 'Following our recent EPCC contract win under LSS5, this lease agreement with PKINK marks a major milestone in progressing our LSS5 solar project and aligns with Malaysia's national targets to achieve 70% renewable energy capacity by 2050 and reduce carbon intensity by 45% by 2030,' Samaiden group managing director Datuk Ir. Chow Pui Hee said. 'The site offers strategic advantages for solar development, and we deeply appreciate the strong support from the Kelantan state government in facilitating this initiative. We are grateful for the trust and collaboration extended by both the state government and PKINK in making this project possible. 'At Samaiden, we remain committed to integrity, professionalism, and sustainability, and we hope this collaboration will pave the way for more impactful green initiatives ahead.' In addition to the power facility, Samaiden will also prioritise local hiring and promote renewable energy awareness within the surrounding community. The lease agreement is expected to contribute positively to the local economy by creating job opportunities and fostering knowledge exchange in the renewable energy sector.
New Straits Times
3 days ago
- New Straits Times
Samaiden seals land lease deal for solar power plant project in Kelantan
KUALA LUMPUR: Samaiden Group Bhd, via unit Samaiden Legasi Timur Sdn Bhd, has sealed a deal to facilitate the development of a large-scale solar photovoltaic (LSS) power plant in Kelantan. Samaiden today signed a long-term lease agreement with Perbadanan Kemajuan Iktisad Negeri Kelantan (PKINK) for the project under Malaysia's LSS5 programme. The lease agreement, which covers about 162 hectares of land in Pasir Mas, marks a major milestone in Samaiden's renewable energy expansion strategy. The land will be utilised to build and operate a solar energy facility with a maximum export capacity of 99.99MWac, supplying clean electricity to Tenaga Nasional Bhd (TNB) under a power purchase agreement (PPA). The lease is for 23 years, inclusive of a two-year construction period, and will commence upon fulfilment of several conditions precedent. This includes the award of the LSS5 project by the Energy Commission and execution of the PPA with TNB. Samaiden group managing director Datuk Ir. Chow Pui Hee said the site offers strategic advantages for solar development and the trust and collaboration extended by both the state government and PKINK help to realise the project In addition to the power facility, Samaiden will also prioritise local hiring and promote renewable energy awareness within the surrounding community. The lease agreement is expected to contribute positively to the local economy by creating job opportunities and fostering knowledge exchange in the renewable energy sector.
