UEM Group unit, Blueleaf Energy, and ITRAMAS to develop 500 MW hybrid solar plant

This is part of Malaysia’s National Energy Transition Roadmap.

UEM Group Berhad green industry arm UEM Lestra Berhad has signed an agreement with Blueleaf Energy, and ITRAMAS Corporation Sdn Bhd to develop a 500-megawatt (MW) hybrid solar power plant in the city of Johor.

Blueleaf said in a statement this is the second hybrid solar power plant project developed by UEM Lestra and its partners as part of the one-gigawatt (1 GW) hybrid solar power plant flagship venture under Malaysia’s National Energy Transition Roadmap.

The parties will work with the government on the third-party access framework that will be required for the project to move to the execution phase.

A shareholders’ agreement was also inked by UEM Lestra and Blueleaf. 

This establishes a joint venture company named Lestra Blueleaf JV Sdn Bhd (Lestra Blueleaf JV), with 51% ownership by UEM Lestra and the remaining 49% by Blueleaf.

The Lestra Blueleaf JV and ITRAMAS also signed a technical partner agreement which will see the latter provide technical services in developing a complete engineering, procurement, construction and commissioning package.