News

The Board of Directors of KAB wishes to announce that KAB Core Connect O&M Services Sdn. Bhd. [Registration No. 202101016957 (1417257-H)] (“KABCC” or “SPS Owner”), an ultimate subsidiary of the Company had on 14 November 2022 entered into TWO (2) Solar Power Purchase Agreements (“PPAs” or “the Agreements”), both dated 14 November 2022 with Nextgreen Pulp & Paper Sdn. Bhd. [Registration No. 201501010647 (1135982-K)] (“NPPSB” or “Customer”) for the purpose of designing, constructing, installing, owning, operating and maintaining a solar photovoltaic energy generating system on the identified site located at the premises rightfully owned or lawfully occupied by the Customer erected or located on the piece of land held under Pajakan Negeri 29655 Lot 16696 Mukim Lepar, Daerah Pekan, Negeri Pahang, with an estimated system DC capacity of 2,507 kWp (Phase 1) and 880 kWp (Phase 2) respectively, to generate and supply solar photovoltaic energy to NPPSB.

Please refer to the attachment for the details of the announcement.

This announcement is dated 14 November 2022.