Press Metal Aluminium, Syarikat Sesco to Develop MYR380 Million Solar PV Plant
MT Newswires Live
Oct 03, 2025
Press Metal Aluminium's (KLSE:PMETAL) 40%-owned unit Mukah Solar Powerplant signed a deal with Syarikat Sesco to design, construct, own, operate and maintain a solar photovoltaic energy generating facility worth 380 million ringgit.
The facility has a capacity of 100 megawatts alternating current, and will be located in Sarawak, Malaysia.
The facilty will generate and sell solar photovoltaic energy to Syarikat Sesco under the agreement.
Most of the project cost will be financed through banks, while Press Metal Aluminium will cover its equity portion with internal funds, it said.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.