News Detail

JAKS Resources consortium secures LSSPV plant development contracts in Terengganu

The Star · 09/04/2025 05:14

Listen to the news

KUALA LUMPUR: A subsidiary of JAKS Resources Bhd in partnership with China Power Engineering Consulting Group International Engineering Co Ltd (CPEEC) has secured two contracts for the development of two large scale solar photovoltaic plants of 99.99MW each in Setiu, Terengganu.

In a bourse filing, JAKS Resources said its unit, JAKS Solar Power Holdings Sdn Bhd, in consortium with CPEEC shall incorporate a special purpose company to enter into a solar power purchase agreement with Tenaga Nasional Bhd for the projects for 21 years.

It said the projects will be financed through internally generated funds and bank borrowings.

Barring any unforeseen circumstances, the projects are expected to contribute positively towards the future earnings of JAKS Resources, it said.

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.

What's Trending

No content on the Webull website shall be considered a recommendation or solicitation for the purchase or sale of securities, options or other investment products. All information and data on the website is for reference only and no historical data shall be considered as the basis for judging future trends.