UEM Group Berhad green industry arm UEM Lestra Berhad has signed an agreement with Blueleaf Energy, and ITRAMAS Corporation Sdn Bhd to develop a 500-megawatt (MW) hybrid solar power plant in the city of Johor.
Blueleaf said in a statement this is the second hybrid solar power plant project developed by UEM Lestra and its partners as part of the one-gigawatt (1 GW) hybrid solar power plant flagship venture under Malaysia’s National Energy Transition Roadmap.
The parties will work with the government on the third-party access framework that will be required for the project to move to the execution phase.
A shareholders’ agreement was also inked by UEM Lestra and Blueleaf.
This establishes a joint venture company named Lestra Blueleaf JV Sdn Bhd (Lestra Blueleaf JV), with 51% ownership by UEM Lestra and the remaining 49% by Blueleaf.
The Lestra Blueleaf JV and ITRAMAS also signed a technical partner agreement which will see the latter provide technical services in developing a complete engineering, procurement, construction and commissioning package.
