PETALING JAYA – Minetech Resources Berhad (“Minetech” or the “Company”), a civil engineering specialist and bituminous products manufacturer, is pleased to announce that its subsidiary, Coral Power Sdn Bhd (“CPSB”), has been officially granted the Commissioning Test Certificate (CTC) by the Energy Commission for a 60 acres Large Scale Solar (LSS) Power Plant as announced in the letter from Suruhanjaya Tenaga (“Suruhanjaya”) dated August 2, 2023.
Since 2017, CPSB has been at the forefront of the power generation business activities. In line with the Eleventh Malaysia Plan, 2016-2020, Minetech recognises the potential of renewable energy and has identified solar power as a sustainable, viable source.
According to the Power Purchase Agreement and Tenaga Nasional Berhad’s (“TNB”) letter, CPSB’s power plant has been cleared for commercial operation beginning May 29, 2023. This accomplishment has been acknowledged by TNB and the Suruhanjaya of Malaysia.
The Management of Minetech expressed their pride in the achievement, stating, “Our investment in renewable energy is not just a business decision; it’s a statement of our commitment to sustainable growth. By generating 9.99MW of clean energy, we are contributing to the environment and ensuring long-term sustainable contribution to our company’s revenue for 21 years.”
“As we successfully launch this solar power plant, we’re not only looking at the immediate financial growth but the long-term prospects of green energy. Renewable energy is an exciting frontier for innovation and sustainability. Minetech is committed to continuing its exploration and expansion in this vital sector, aligning our business practices with global environmental goals and contributing to a greener future for all.”