Samaiden Group Berhad (“Samaiden) a renewable energy specialist principally involved in developing and engineering, procurement, construction, and commissioning of RE systems and power plants, is pleased to announce that its wholly-owned subsidiary, Samaiden Legasi Timur Sdn. Bhd. (“SLTSB”), has entered into a long-term lease agreement with Perbadanan Kemajuan Iktisad Negeri Kelantan (“PKINK”) for the development of a large-scale solar photovoltaic (LSS) power plant under Malaysia’s LSS5 programme.
The lease agreement, which covers approximately 400 acres (162 hectares) of land in Lot PT 19602, Kampung Serongga, Mukim Apam, Gual Periok, Pasir Mas, Kelantan, marks a major milestone in Samaiden’s renewable energy expansion strategy. The land will be utilised to construct and operate a solar energy facility with a maximum export capacity of 99.99MWac, to supply clean electricity to Tenaga Nasional Berhad (“TNB”) under a Power Purchase Agreement (“PPA”).
The lease is for a period of 23 years, inclusive of a two-year construction period, and will commence upon fulfilment of several conditions precedent, including the successful award of the LSS5 project by the Energy Commission and execution of the PPA with TNB.
Group Managing Director of Samaiden, Datuk Ir. Chow Pui Hee said, “Following our recent EPCC contract win under LSS5, this lease agreement with PKINK marks a major milestone in progressing our LSS5 solar project and aligns with Malaysia’s national targets to achieve 70% renewable energy capacity by 2050 and reduce carbon intensity by 45% by 2030. The site offers strategic advantages for solar development, and we deeply appreciate the strong support from the Kelantan state government in facilitating this initiative. We are grateful for the trust and collaboration extended by both the state government and PKINK in making this project possible. At Samaiden, we remain committed to integrity, professionalism, and sustainability, and we hope this collaboration will pave the way for more impactful green initiatives ahead.”
In addition to the power facility, Samaiden will also prioritise local hiring and promote renewable energy awareness within the surrounding community. The lease agreement is expected to contribute positively to the local economy by creating job opportunities and fostering knowledge exchange in the renewable energy sector.
This project not only strengthens Samaiden’s position in Malaysia’s solar energy landscape but also reflects its dedication to driving long-term sustainability through strategic partnerships. By working closely with PKINK, Samaiden is helping to shape a greener future while contributing to regional development and the nation’s clean energy goals under the National Energy Transition Roadmap (“NETR”).
