KUALA LUMPUR (Oct 2): VSolar Group Bhd’s unit has signed a Memorandum of Understanding with Mattan Engineering Sdn Bhd to conduct a feasibility study for the development of a solar energy generation facility in Seremban.

This comes after the unit, Solar Interactive Sdn Bhd, inked an agreement with Permaju Industries Bhd’s wholly-owned subsidiary. Genbayu Gemilang Sdn Bhd last month to develop the facility.

In a filing today, VSolar said the facility will be developed on a parcel of land, measuring 121.4 ha, that belongs to Genbayu Gemilang.

Solar Interactive, which is in the business of providing renewable energy solutions, is responsible for providing a business plan, business strategy and roadmap prior to the development of the facility.

Mattan is a consultant and systems integrator with experience in designing and managing multi-disciplinary renewable energy projects, and has experience in designing and provision of engineering, procurement, construction and commissioning (EPCC) solutions.

According to the filing, Mattan will be appointed as the exclusive EPCC contractor for the construction of the facility, if Solar Interactive or Genbayu is successful in its bid to secure a large-scale solar programme under the Malaysian Energy Commission.

Shares in ACE Market-listed VSolar closed unchanged today at 7.5 sen, bringing it a market capitalisation of RM28.96 million.