Latest news with #PlanetQEOSSdnBhd
The Star
12 hours ago
- Business
- The Star
Planet QEOS seals RM2.32bil deal for Malaysia's first ‘firm' solar plant in Baram
PETALING JAYA: Planet QEOS Sdn Bhd has signed RM2.32bil in heads of agreement (HOA) with five partners to launch the Baram DeepTech Energy Program, paving the way for Malaysia's first 'firm' solar power plant in northern Sarawak's Baram highlands. In a statement, Planet QEOS said the landmark facility will be Malaysia's first renewable plant to deliver round-the-clock, dispatchable power on par with gas and hydropower, marking a key step toward construction. 'We are building more than a power plant; we are building a foundation for lasting prosperity in the HDA region. 'Today, policy meets steel. We're delivering more than megawatts — we're delivering a new rural economy: skilled jobs, modern infrastructure, and investor-grade green power from the highlands,' executive chairman Dino Bidari said following the HOA signing ceremony. The five partners are EFS Group, ES Sunlogy, Founder Consortium, China Construction Sixth Engineering Bureau Corporation (CSCEC), and Hopewind. Meanwhile, Deputy Minister in the Premier's Department (Labour, Immigration and Project Monitoring), Datuk Gerawat Gala, expressed hope for the broader benefits of the proposed project on the Highland Development Area (HDA) in Baram. 'The Baram DeepTech programme marks a defining chapter for the HDA in Baram. By bringing round-the-clock renewable power to Baram, the project proponents are unlocking the full potential of the Baram hinterland for sustainable growth with improved connectivity, modern infrastructure, new industries, and skilled employment opportunities. 'This will catalyse the Mulu constituency and the entire Upper Baram area to be developed in unison. As part of the HDA, I am proud to see our region taking centre stage in advancing Sarawak's green energy leadership,' he said.
The Star
a day ago
- Business
- The Star
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.
Malaysian Reserve
a day ago
- Business
- Malaysian Reserve
ES Sunlogy partners Planet QEOS for 155MWp solar hybrid plant in Sarawak
ES Sunlogy Bhd has entered into a heads of agreement with Sarawak-based deep technology company, Planet QEOS Sdn Bhd, to develop a 155 megawatt-peak (MWp) solar hybrid power plant with a 310 megawatt-hour (MWh) battery energy storage system (BESS) in Baram, Sarawak. The partnership was formalised during the Public-Industry Engagement Day and launch of the Sarawak Energy Transition Policy, witnessed by Sarawak Premier Datuk Patinggi Tan Sri Abang Johari Tun Openg. The project is part of the Special Energy Zone (SEZ) in Baram, aimed at accelerating the state's shift towards clean energy and industrial growth. It forms part of Planet QEOS's agrovoltaic and renewable energy plan, which has in-principle state approval, to install up to 4,000MW alternating current of solar capacity on a 1,200-hectare site, integrating food and agriculture infrastructure under its patented Sustainable Animal Feed Economics (SAFE) model. The Baram initiative will also include a 180km transmission corridor repurposed from the former Sabah–Sarawak Gas Pipeline to channel renewable power to downstream industrial zones in Bintulu. ES Sunlogy will contribute its mechanical and electrical engineering expertise and set up a facility in Baram to serve as a regional hub for training, systems integration, and knowledge transfer. The company said the move is expected to create high-value jobs and strengthen local engineering capabilities. The project is part of Phase 1 of the Baram DeepTech Energy Programme, which targets 500MWac of firm renewable energy into the Sarawak Energy Bhd grid by 2027, powered by 1,850MWp of solar PV and 3,677MWh of battery storage. The programme is designed to be the world's largest single-site BESS-based solar system, with a 60% capacity factor. ES Sunlogy MD Khor Chuan Meng said the SEZ in Baram would be 'a catalyst for clean energy adoption, rural transformation, and local value creation'. 'With our renewable energy projects and core M&E expertise, we are committed to working closely with the state government to support capacity building and infrastructure development in Baram,' he said. ES Sunlogy has completed over 13 projects totalling more than 300MWp of solar capacity nationwide. The company said it will also deploy solar systems to power agricultural, logistics, and rural development zones in Baram, in line with environmental, social and governance principles. — TMR
