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Solar Management (Seremban) Farm

Sector: Solar • Location: Malaysia

Source: World Bank Group

Project
Active

The project envisages the financing, construction and operation of a solar farm near Rembau, Negeri Sembilan. Once operational, the total generation output will be 50 MW. Project is being developed by Solar Management (Seremban) Sdn Bhd.

Mattan Engineering Sdn Bhd has been appointed as the turnkey engineering, procurement, construction and commissioning or EPCC. Concession contract was awarded fo

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The project “Solar Management (Seremban) Farm” is an infrastructure initiative in the Solar sector, located in Malaysia. Taiyo aggregates data on it from World Bank Group.

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Description

Description

The project envisages the financing, construction and operation of a solar farm near Rembau, Negeri Sembilan. Once operational, the total generation output will be 50 MW. Project is being developed by Solar Management (Seremban) Sdn Bhd. Mattan Engineering Sdn Bhd has been appointed as the turnkey engineering, procurement, construction and commissioning or EPCC. Concession contract was awarded following a competitive bidding process based on lowest tariff per unit of energy. Solar Management is one of the seven successful bidders chosen by the Energy Commission for the large scale solar farm project. The solar farm has secure a 21-year solar power purchase agreement with Tenaga Nasional Bhd. The plant will be financed by Malaysia Building Society Berhad (MBSB) under an Islamic financing arrangement. Total project financing is RM 247 million ($60 million). The remaining funding will be provided by the sponsor - $9.3 million. The project is expected to complete by November 2018. Solar Management (Seremban) Sdn Bhd to be added to sponsors' list

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High

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