PETALING JAYA: KPower Bhd’s maiden venture into the solar power installation business will further strengthen its growth prospects, as it should ride on the wave of interest in renewable energy in Malaysia, according to RHB Research.
Malaysia to allocate another 500 MW of rooftop PV under net metering
The NEM 3.0 program will run until the end of 2023 and will see the participation of residential, commercial and industrial prosumers as well as public entities and government ministries.Malaysia s Sustainable Energy Development Authority (Seda) has begun accepting applications for the Net Energy Metering 3.0 program (NEM 3.0) today. The new scheme replaced the NEM 2.0 program that was introduced in January 2019 and expired at the end of 2020. The 500MW quota under the NEM 2.0 scheme was fully subscribed by the end of December. All existing NEM 2.0 draft applications that couldn t secure quota .
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KPower and Public Islamic Bank team up for solar PV systems financing scheme Picture for representational purposes only. – BERNAMAPIX
PETALING JAYA: KPower Bhd’s wholly owned subsidiary KPower Engineering Sdn Bhd has entered into a memorandum of agreement with Public Islamic Bank Bhd (PIBB) to provide the financing and installation of solar photovoltaic (PV) systems to the latter’s customers in relation to the net energy metering (NEM) scheme.
The scheme introduced by the Sustainable Energy Development Authority provides an avenue for consumers to install solar PV systems on their building to encourage the public to play a role in mitigating climate change by generating energy for private consumption.
The public should play an active role in mitigating climate change by generating clean energy for private consumption.
KUALA LUMPUR: Public Islamic Bank Bhd and KPower Bhd are working together for the installation and financing of solar photovoltaic (PV) systems for the bank’s customers.
They had on Wednesday signed a memorandum of agreement (MOA) where KPower’s unit KPower Engineering Sdn Bhd will install and provide all related technical matters on solar PV systems to the bank’s customers.
The MoA was in line with the Net Energy Metering 3.0 (NEM 3.0) launched by the Energy and Natural Resources Ministry on Dec 29 to cater for the rising customer demands for solar panel financing.
KUALA LUMPUR (Jan 27): Based on corporate announcements and news flow today, stocks that may be in focus tomorrow (Jan 29) include: Fraser & Neave Holdings Bhd, Fintec Global Bhd, Pasukhas Group Bhd, Power Root Bhd, Tasco Bhd, See Hup Consolidated Bhd, Pavilion REIT, Chin Hin Group Property, Lotte Chemical Titan Holdings Bhd, KLCC Stapled Group Bhd, Digi.Com Bhd, Pimpinan Ehsan Bhd, Guocoland (Malaysia) Bhd, KPower Bhd and TA Enterprise Bhd,
Fraser & Neave Holdings Bhd s (F&N) revenue continued to recover in the first financial quarter ended Dec 31, 2020. It grew 13.6% quarter-on-quarter to RM1.08 billion from RM953.7 million, amidst a gradual recovery in local and export markets. The higher revenue lifted F&N s quarterly net profit, which doubled to RM136.8 million from the RM68.03 million achieved in the preceding quarter.