Abu Dhabi’s renewable energy firm, Masdar, has announced the signing of a power purchase agreement for its inaugural project in Malaysia, which involves the development of a floating solar photovoltaic power plant with a capacity of 200 megawatts. This project will be located at the Cheras Dam in Pahang, Malaysia, and is estimated to be worth approximately $208 million.
The project will be spearheaded by a consortium of companies led by Masdar, in collaboration with two Malaysian firms, Cita Global and Tiza Global. The power purchase agreement has been signed with the Malaysian national electricity provider, Tenaga Nasional Berhad. Upon completion, the Cheras solar plant will become the largest floating solar initiative in Southeast Asia.
Covering an area of nearly 950 acres, the plant is expected to exceed a peak output capacity of 300 megawatts (200 megawatts AC), which is sufficient to provide electricity to more than 100,000 homes in Malaysia.
Mohamed Jameel Al Ramahi, the CEO of Masdar, stated that this remarkable initiative signifies the largest floating solar project developed by Masdar globally and marks its first venture in Malaysia. He noted that this project showcases Masdar’s expertise in floating solar technology and positions the company as a trusted partner in the clean energy sector in the region.
He further explained that leveraging Masdar’s global experience will enable the delivery of clean and cost-effective energy to the Malaysian population. Dr. Mohd Noorza Zakaria, the Executive Chairman and CEO of Cita Global Berhad, remarked that the project highlights Cita Global’s long-standing role as a Malaysian partner in the development of sustainable energy infrastructure.