[nazrey]

PERAK
Majuperak calls off plan to develop large-scale solar photovoltaic projects in Perak
Izzul Ikram June 08, 2021 21:10 pm +08

KUALA LUMPUR (June 8): Majuperak Holdings Bhd has called off a plan to develop large-scale solar photovoltaic (LSS) projects in Perak jointly with Cahya Suria Energy Sdn Bhd.

In a filing with Bursa Malaysia, the group said its wholly-owned subsidiary, Majuperak Energy Resources Sdn Bhd, and Cahya Suria have mutually agreed to terminate the framework agreement they entered into a year ago after failing to meet a condition precedent.

The condition was that the parties must have secured at least 100-megawatt capacity, on the computation basis of three acres per megawatt, for the development of the LSS projects from the state government and the Perak State Development Corp within a year.

https://www.theedgemarkets.com/artic...projects-perak