KUALA LUMPUR (Jan 15): Sunview Group Bhd’s (KL:SUNVIEW) 60%-owned indirect subsidiary Sirage Energy Sdn Bhd has partnered with Sirage Skyvast Holdings Sdn Bhd to explore collaboration to undertake a solar power generation plant for an off-grid technology park — Perlis Advance Tech Park (PATP) located in Chuping, Perlis.
According to the heads of agreement, both parties intend to develop, construct, and operate a solar power generation plant in PATP, and will undertake feasibility and viability studies.
Sirage Energy will manage the technical design, regulatory compliance, and operational aspects of the project. Sirage Energy is 60% indirectly owned by Sunview, held through the latter’s wholly owned unit Fabulous Sunview Sdn Bhd.
Meanwhile, Sirage Skyvast, will be the master developer of PATP, and will oversee infrastructure planning and ensure the project integrates with the park’s overall development strategy.
The collaboration includes exploring financial arrangements such as power purchase agreements, revenue-sharing models, and equity investments.
However, the agreement remains non-binding, and either party may terminate it with prior notice.
Shares of Sunview were down one sen or 2.3% at 42 sen on Wednesday’s closing, giving it a market capitalisation of RM238.45 million.
Source: TheEdge - 16 Jan 2025
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