Amcorp looks for venture into green energy sector in Indonesia

PETALING JAYA: Amcorp Properties Bhd, which looks to explore new prospects for renewable energy business in Indonesia, has successfully commissioned its 10.25MW solar power plant, the largest grid-connected solar farm in the country, in Gemas.
The Gemas power plant has a power purchase agreement with Tenaga Nasional Bhd (TNB) for 21 years at a feed-in tariff of 87.4 sen/kWh.
Completed within a time frame of four months, the solar plant is installed with 41,076 solar panels, generating an average of 1 million kilowatt-hour of electricity monthly since it started operation in January this year.
"Amcorp has made it a priority to venture into the green energy sector not just in Malaysia, but possibly also overseas," said Amcorp Group Bhd chairman Tan Sri Azman Hashim.
Apart from Malaysia, Amcorp is optimistic of exploring new prospects of renewable energy business in Indonesia, especially for the development of mini-hydro power plants given the natural landscape of Indonesia as well as the current low ratio of installed capacity versus population.
Amcorp first ventured into renewable energy in 2006 when it signed the 21-year power purchase agreement for the development of Amcorp Perting 4MW Mini Hydro Power Plant in Bentong, Pahang.
The mini hydro power plant was commissioned in 2009 and has garnered the prestigious ASEAN Energy Awards 2012 and the Association of Consulting Engineers Malaysia Silver Award of Merit 2013. Construction is now in progress to expand its capacity to 6MW.
Amcorp is also currently developing another mini hydro power plant project in Sg Liang, Pahang. The 17MW plant will be jointly developed under the FIT Scheme of Seda with TNB Energy Services Sdn Bhd, a wholly owned subsidiary of Tenaga Nasional Berhad, and expected to commence operations in 2017.