NuEnergy to Invest in Solar Facilities Under MYR49 Million Project
MT Newswires Live
Sep 15
NuEnergy Gas (KLSE:NHB, ASX:NGY) will invest in solar photovoltaic facilities with an aggregate capacity of about 21 megawatt-peak across 49 rooftop sites at a government agency's premises.
The company's unit IL Energy will own the facilities, while fellow subsidiary Armani Sinar will act as strategic partner to the government agency's subsidiary for the project, valued at about 48.8 million.
Armani Sinar will also supply solar PV modules and inverters.
The facilities are targeted for completion in the second quarter of 2027, and are expected to generate recurring energy income for the group.
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