<div class=newsTextDataWrapInner><p>KUALA LUMPUR: PUC Founder (MSC) Bhd is venturing into the solar energy business to bring in a steady revenue stream for the diversified group. The venture will involve the supply of electricity to state-controlled utility Tenaga Nasional Bhd (TNB).</p></div>

<div class=newsTextDataWrapInner><p>In a filing with Bursa Malaysia yesterday, PUC Founder (fundamental: 2.25; valuation: 1.8) group managing director Cheong Chia Chieh said its subsidiary MaxGreen Energy Sdn Bhd (MGE) was selected as a feed-in tariff (FiT) approval holder by the Sustainable Energy Development Authority Malaysia (Seda). “Once awarded an FiT approval holder, we will proceed to sign the agreement with TNB upon fulfilling the conditions imposed by Seda and TNB. We will be supplying power to TNB, which is a sustainable source of income for the company.</p></div>

<div class=newsTextDataWrapInner><p>“The solar PV (photovoltaic) plant is to be set up in Sungai Petani, Kedah, with a land area of 2.5 acres (1.01ha),” PUC Founder said. “TNB will sign a contract with MGE, whereby the power produced will be sold to TNB at a fix rate under the FiT rates,” Cheong said.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>According to him, the plan is to develop and operate a 1mw solar PV plant to produce electricity, which would be supplied to TNB.</p></div>

<div class=newsTextDataWrapInner><p>&nbsp;</p></div>

<div class=newsTextDataWrapInner><p>This article first appeared in <em>The Edge Financial Daily</em>, on March 17, 2015.</p></div>


KUALA LUMPUR: PUC Founder (MSC) Bhd is venturing into the solar energy business to bring in a steady revenue stream for the diversified group. The venture will involve the supply of electricity to state-controlled utility Tenaga Nasional Bhd (TNB).

In a filing with Bursa Malaysia yester...

PUC Founder, TNB in planned solar energy venture

French electronic manufacturing service firm eolane has launched a new manufacturing plant in Kulim Hi-Tech Park, Kedah involving an investment of €8.7 million (RM45 million) for the first phase of the project.

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TOKYO (April 24): Japan's Nikkei share average locked in a third consecutive day of gains on Wednesday, tracking Wall Street higher to break above 38,000 points, as investors continued to snap up tech-related shares.

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