Type | Announcement | ||||||||||||||||||||
Subject | OTHERS |
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Description |
KEJURUTERAAN ASASTERA BERHAD ("KAB" OR "THE COMPANY") - THREE NEW SOLAR SYSTEMS PROJECTS AWARDED TO THE INDIRECT SUBSIDIARIES OF KAB. |
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The Board of Directors of KAB is pleased to announce that KAB Gree Solar Thai Co., Ltd. (“KABGST”) and Energy Optimisation (Thailand) Co., Ltd. (“EOT”), indirect subsidiaries of KAB had secured three (3) new projects for Grid Connected Photovoltaic (“GCPV”) solar systems with an estimated aggregate capacity of 4,537 kilowatt-peak in Thailand through six (6) Power Purchase Agreements (“PPA”) to be entered by the indirect subsidiaries of KAB with Aapico Ayutthaya Group of Companies (“Ayutthaya”), Great Glove (Thailand) Co., Ltd. and Volcano Tec Thailand Co., Ltd. with total estimated value of RM55,718,477.00. The details of the three projects were as follows:-
The projects are expected to contribute positively to the future earnings of KAB for the duration of the contracts. There are no foreseeable significant risks other than normal business and operational risk associated with the projects. None of the Directors and/or major shareholders of the Company or persons connected with them, have any interest, direct or indirect, in the projects. This announcement is dated 18 November 2021. |
Please refer attachment below.
Company Name | KEJURUTERAAN ASASTERA BERHAD |
Stock Name | KAB |
Date Announced | 18 Nov 2021 |
Category | General Announcement for PLC |
Reference Number | GA1-15112021-00091 |
Attachments