AmBank approves RM70mil financing for Sunview
PETALING JAYA: AmBank Group, through AmBank Islamic Bhd, has approved banking facilities amounting to RM70mil for Fabulous Sunview Sdn Bhd (FSSB), a wholly owned subsidiary of Sunview Group Bhd .
In a statement, the bank said the financing would partly fund the construction of a 29.99MWac ground-mounted photovoltaic solar power plant in Sungai Petani, Kuala Muda, Kedah. The project was awarded by Dayasinar Energy Sdn Bhd under the Corporate Green Power Programme.
The project with a contract amounting to RM98.29mil will be executed by FSSB where it includes design, procurement, erection, connection, commissioning and testing as well as supply of equipment for the construction of a ground mounted photovoltaic solar generation facility.
'We are pleased to support FSSB and Sunview Group in this initiative. Looking ahead, we remain committed to strengthening our contribution to Malaysia's renewable energy ecosystem,' AmBank Group managing director, business banking Christopher Yap said.
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