JAKS Solar PV Park is a 50MW solar PV power project. It is planned in Penang, Malaysia. The project is currently in permitting stage. It will be developed in single phase. The project construction is likely to commence in 2022 and is expected to enter into commercial operation in March 2023.
|Project Type||Total Capacity (MW)||Active Capacity (MW)||Pipeline Capacity (MW)||Project Status||Project Location||Project Developer||Solar PV||50||–||50||Permitting||Penang, Malaysia||JAKS Resources|
The project is being developed and currently owned by JAKS Resources.
JAKS Solar PV Park is a ground-mounted solar project.
The project cost is expected to be around $89m.
The project construction is expected to commence from 2022. Subsequent to that it will enter into commercial operation by March 2023.
Power Purchase Agreement
The power generated from the project will be sold to Tenaga Nasional under a power purchase agreement for a period of 21 years. The offtake capacity is expected to be 50MW.
About JAKS Resources
JAKS Resources Berhad (JAKS Resources) is a manufacturer and distributor of pipes. The company engages in the business of infrastructure construction projects and land development projects. It is also involved in trading of steel bars, sheet piles, mild steel and special pipes, other steel related products, building materials and supply of products for water supply industry. JAKS Resources is engaged in management of shopping mall, and development of commercial and residential properties. The company operates in Vietnam and Malaysia. JAKS Resources is headquartered in Subang Jaya, Selangor, Malaysia.
All power projects included in this report are drawn from GlobalData’s Power Intelligence Center. The information regarding the project parameters is sourced through secondary information sources such as electric utilities, equipment manufacturers, developers, project proponent’s – news, deals and financial reporting, regulatory body, associations, government planning reports and publications. Wherever needed the information is further validated through primary from various stakeholders across the power value chain and professionals from leading players within the power sector.