KUALA LUMPUR (Dec 17): Utility firm NUR Power Sdn Bhd has inked a Memorandum of Understanding (MoU) with semiconductor outfit Austria Technologie & Systemtechnik AG (AT&S) to supply renewable energy for the latter’s upcoming plant in the Kulim Hi-Tech Park (KHTP) in Kedah.

NUR Power, which is the exclusive power utility firm for KHTP, will be providing solar energy of 25mw in 2023, and up to 75mw by 2026 to AT&S through a 21-year power purchase agreement (PPA), the companies said in a joint statement.

The utility group, which is part of the corporate empire of the late Cabinet Minister Tan Sri Jamaludin Jarjis, currently operates a 220mw combined-cycle gas plant supplying more than 5,000 customers in KHTP.

The RE supply will be channeled to AT&S’ upcoming high-end IC substrates manufacturing facility in KHTP — its first production site in Southeast Asia with initial investment of  €1.7 billion (RM8.5 billion) — which is expected to be operational by 2024.

“The committed solar energy is traceable and it will account for 30% of the annual energy consumption for the plant in the beginning with a potential of higher RE contribution in the future.

“In view of the fast track development of the AT&S Kulim plant, both parties will work closely to ensure successful solar RE connection and capacity within the projected timeline,” the statement said.

AT&S chief executive officer Andreas Gerstenmayer said the company subscribes to the principles of Environment, Social and Corporate Governance (ESG).

“Therefore, it is a very important step for us to acquire solar energy to run our Malaysian plant at KHTP. We aim to achieve CO2 neutrality for the production in KHTP and aspire to achieve a caring and green company status,” he added.

NUR Power managing director Ikwan Hafiz Jamaludin said his company is proud to be part of the Austrian company’s RE CO2 neutrality effort.

"Our commitment to invest in solar energy forms part of NUR Power’s RE initiatives for our valued customers. As ESG will be driving future investment requirements for foreign and domestic investors alike, we will be focusing on efforts to increase RE supply whilst continuing to ensure high power quality and reliability in KHTP,” Ikwan said.

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