Samaiden seals land lease deal for solar power plant project 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.
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