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Gambang Solar Photovoltaic Plant

Source: World Bank Group

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The project entails the construction of a 50-MW solar photovoltaic plant in Gambang, Pahang, Malaysia. UiTM Solar Power Sdn Bhd is the promoter of the project.

The total project cost is being estimated at $71.85 million. Sponsor has injected about $14.47 million equity into the project. The remaining 80 per cent are to be financed through the issuance of $57.37 million Green Sri Sukuk. In charge

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Project Information

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The project "Gambang Solar Photovoltaic Plant" is an infrastructure initiative in the Power Generation (CCGT), Solar, Commercial, Government sector, located in N/A, Malaysia. Taiyo aggregates data from World Bank Group, including information on sponsoring government bodies, EPCs, and contractors.

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Description

Description

The project entails the construction of a 50-MW solar photovoltaic plant in Gambang, Pahang, Malaysia. UiTM Solar Power Sdn Bhd is the promoter of the project. The total project cost is being estimated at $71.85 million. Sponsor has injected about $14.47 million equity into the project. The remaining 80 per cent are to be financed through the issuance of $57.37 million Green Sri Sukuk. In charge of the latter is Affin Hwang Investment Bank Berhad - manager of Green Sri Sukuk. The contractors are Northwest Electric Power Design Institute Co Ltd and ET Energy (M) Sdn Bhd (ETEM). Financial close took place on April 9, 2018. https://themalaysianreserve.com/2018/04/09/financial-closure-for-uitm-solar-sukuk/ https://www.nst.com.my/business/2018/04/358836/uitms-solar-photovoltaic-plant-gambang-will-generate-over-rm650m-revenue

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