UEM Group Berhad through its wholly-owned subsidiary and green industry arm, UEM Lestra Berhad (UEM Lestra) has inked an agreement with Blueleaf Energy and ITRAMAS Corporation Sdn Bhd (ITRAMAS) for the development of a 500 MW hybrid solar power plant in Malaysia.
It is part of the 1 GW hybrid solar power plant flagship venture under the National Energy Transition Roadmap. The companies plan to work with the Malaysian government for the third-party access (TPA) framework, which is important to move the project to the execution phase.
Furthermore, a shareholders’ agreement has been finalised between UEM Lestra and Blueleaf Energy to establish a joint venture named Lestra Blueleaf JV Sdn Bhd, with 51 per cent ownership by UEM Lestra and the remaining 49 per cent by Blueleaf Energy.
Additionally, a technical partner agreement has been inked between Lestra Blueleaf JV and ITRAMAS, which will provide technical services in developing a complete engineering, procurement, construction, and commissioning package.
