KUALA LUMPUR: Pimpinan Ehsan Bhd (PEB) has entered into a second supplemental and restated share sale agreement (supplemental SSA II) with B.Grimm Power (Malaysia) Sdn Bhd, reNIKOLA Sdn Bhd, Boumhidi Adel and Tengku Zaiton Sultan Abu Bakar on the proposed acquisition of reNIKOLA Holdings Sdn Bhd and its subsidiaries.
In the supplemental SSA II, PEB, among others, has agreed to acquire two additional solar power assets located in Kuala Muda, Kedah and Machang, Kelantan along with the parcels of land where the assets sit on.
"The Kuala Muda solar power plant has a capacity of 45 megawatt peak (MWp) and achieved commercial operation on March 22, 2022, while the Machang solar power plant has similar capacity of 45 MWp with expected commercial operation by the third quarter of 2022,” said PEB in a statement today.
Under the new development, PEB’s acquisition plan would include the purchase of four solar power plants in Arau, Gebeng, Pekan and Kuala Muda with aggregate capacity of 133 MWp along with the parcel of land where the Kuala Muda solar asset sits.
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