KUALA LUMPUR (March 8): Samaiden Group Bhd has inked a 20-year power purchase agreement (PPA) with Maxell Tohshin (Malaysia) Sdn Bhd to undertake the design and installation of an advanced solar photovoltaic (PV) system, with a capacity of 1,028.28-kilowatt peak (kWp) at Maxell Tohshin's premises.

In a statement to the bourse on Friday, Samaiden said this initiative is expected to significantly curtail carbon emissions from manufacturing operations, projecting an estimated carbon dioxide avoidance of 974.66 tonnes per year.

Maxell Tohshin designs and manufactures ultra-precision moulds and lens mould technologies ranging from small diameters for image optics to thick and larger diameter for illumination optics. It also produces precision plastic optical lenses and the assembly of camera and automotive parts.

Samaiden group managing director Chow Pui Hee said by integrating cutting-edge solar technology into their operations, Maxell Tohshin not only demonstrates environmental stewardship but also paves the way for innovative energy solutions within the manufacturing sector.

“Our collaboration is a beacon of progress, showcasing the potential of RE (renewable energy) to revolutionise traditional industries while maintaining economic growth and environmental integrity,” she said.

Meanwhile, Maxell Tohshin managing director Nobuki Yahiro said the PPA reflects the company’s proactive approach to embracing RE solutions, reducing environmental impact, and adhering to the highest standards of corporate social responsibility.

“We are confident that this collaboration will not only benefit our company but also set a benchmark for the industry in environmental stewardship,” he said.

At the midday break, Samaiden gained 0.81% or one sen to RM1.25 with 185,300 shares traded.