Zecon inks MoU with Edra Power, Neutrinos for integrated energy complex in Sarawak

KUALA LUMPUR: Zecon Bhd has signed a memorandum of understanding (MoU) with Edra Power Holdings Sdn Bhd and Singapore-based Neutrinos Engineering Pte Ltd for the potential development of an integrated energy complex (IEC) within the Kota Petra Green Technology Park (KPGTP) in Kuching, Sarawak.

In a filing with Bursa Malaysia, Zecon said the proposed complex will comprise a 200MWac solar photovoltaic plant and a 500MW combined cycle gas turbine power plant.

Zecon said the parties have agreed to collaborate on developing the project and will later finalise a detailed heads of terms to outline each party’s roles and responsibilities.

Their cooperation will include conducting technical studies, securing necessary approvals, negotiating power purchase and fuel supply agreements, appointing contractors and maintenance teams, and arranging project financing.

The MoU takes effect from the date of signing and will remain valid for two years unless terminated earlier or replaced by a definitive agreement.