5 days ago
ES Sunlogy signs HOA for participation in special energy zone development in Sarawak
From left: Planet QEOS Sdn Bhd founder and chief operating officer Lam Poh Lian, Planet QEOS founder and chief executive officer Dr. Gabriel Walter, Planet QEOS founder and executive chairman Dino Bidari, Sarawak Premier Datuk Patinggi Tan Sri (Dr) Abang Abdul Rahman Zohari, ES Sunlogy Bhd managing director Khor Chuan Meng and ES Sunlogy CEO Sam Teo Chee Teong.
PETALING JAYA: Mechanical and electrical engineering services company ES Sunlogy Bhd has entered into a heads of agreement with Planet QEOS Sdn Bhd to jointly develop a 155 MWp large-scale solar photovoltaic power plant with 310 MWhr integrated Battery Energy Storage Systems (BESS) at Long Lama, Baram, Sarawak.
Planet QEOS recently received an in-principle approval from the Sarawak State Government for its integrated agrovoltaic and renewable energy proposal in Baram, which includes the development of up to 4,000 MWac of solar capacity over a 1,200-hectare site.
Both companies will eventually form a joint venture to execute this project where ES Sunlogy will hold a 40% equity-equivalent participation in the consortium while Planet QEOS a 60% equity-equivalent stake.
'Sarawak has taken a visionary step by launching the Special Energy Zone in Baram. This initiative will serve as a catalyst for clean energy adoption, rural transformation, and local value creation.
'ES Sunlogy is honoured to be part of this mission, contributing not only through our renewable energy projects but by anchoring our core M&E expertise in the region,' ES Sunlogy's managing director Khor Chuan Meng said in a statement.
