KUALA LUMPUR (Nov 9): Renewable energy specialist Samaiden Group Bhd has been selected as one of the solar power producers under the Corporate Green Power Programme (CGPP) by the Energy Commission (EC).

In a filing with Bursa Malaysia on Thursday, Samaiden said its wholly owned subsidiary Samaiden Sdn Bhd (SSB) has been awarded by the EC with an individual export capacity of 13.42 megawatts (MWac) under the CGPP.

On top of that, SSB, in a consortium with Premier Supreme Sdn Bhd, has additionally secured a quota of 29.90MWac, bringing the total capacity won to 43.32MWac.

According to Samaiden, the total quota of 800MWac under CGPP has now been fully subscribed following the announcement by the EC on the selection of successful solar power producers from the second batch of applications.

Samaiden emerged as one of the 10 successful candidates from a pool of 46 applicants.

"We are honoured to be recognised by the EC and to take part in this transformative green initiative. This selection is a testament to our team’s unwavering dedication and technical excellence in the field of renewable energy," said Samaiden group managing director Chow Pui Hee.

"We are excited to channel our expertise into this project and set a precedent for sustainable practices in the industry,” she added.

The targeted commercial operation date for both solar power plants is in 2025.

Shares of Samaiden closed up six sen or 5.41% on Thursday at RM1.17 for a market capitalisation of RM479.54 million.