KUALA LUMPUR (Feb 7): The Sarawak government has approved Zecon Bhd’s (KL:ZECON) application for an electricity licence to generate solar power to supply electricity under the Sarawak Electricity Ordinance at the Kota Petra Green Technology Park in Kuching.
In a filing with Bursa Malaysia on Friday, Zecon said the licence shall be for a period of 30 years, effective from Feb 5, 2025, with an annual fee of RM300,000.
It said during the duration of this licence, the rights granted include, among others, designing, constructing, installing, using, operating and maintaining a solar photovoltaic (PV) system for solar power generation within a 3,000-acre area in the Salak Land district of Kuching.
“This also covers the transmission and distribution of electricity, including lines, towers and substations, to non-domestic consumers under this licence.
“[Also included are] the installation of a 300-megawatt alternating current power plant, including a solar PV module system, inverter-based units, a transformer substation and electrical works, to generate and supply solar power to non-domestic consumers within the scheduled area,” it added.
At the time of writing on Friday, Zecon shares were one sen or 2.08% higher at 49 sen, giving the company a market capitalisation of RM72.75 million.
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