The Malaysian Reserve

Berjaya Corp Bhd plans to spend RM180 million on a 10MW ground based solar photovoltaic (PV) power plant project to be located at Bukit Tagar in Selangor. Berjaya has submitted its proposal to the Ministry of Energy, Green Technology and Water which is in the midst of reformulating its policy on renewable energy (RE) development and is expected to lead to a new power purchase tariff rate via a new feed-in tariff mechanism. In a release to the exchange yesterday, Berjaya said the project will be undertaken by its wholly-owned unit, Berjaya Solar Sdn Bhd, if the revised RE policy, especially the new power purchase tariff rate, is supportive of such a project.