Malaysia-based Terengganu Inc (TI), Terengganu state government’s strategic holding investment company, has tied up with the Tenaga Nasional Bhd’s (TNB) Power Generation Sdn Bhd (TNB Genco) to carry out studies for the development of a floating solar photovoltaic plant at Tasik Kenyir.
TI chairman Datuk Seri Dr Ahmad Samsuri Mokhtar said, “The study is aimed to identify some critical aspects before the 1,000 megawatts (MW) floating solar plant project is to be greenlighted. This MoU was made because the planned project is big, and an expected 1,000 MW solar pump will be built in Kenyir. Hence, TI has to ink an MoU with a party specializing in this field, namely TNB Genco.”
He further said, “After this study, we will make some important decisions regarding the implementation, including finding and determining our business partners. We need some interested companies, either our own government-linked companies or outside investors.” He spoke at a press conference after inaugurating the environmental, social, and governance agenda (ESG Affairs 2023) program organized by TI.
Ahmad Samsuri further added, “The 2,000-hectare project, which is expected to cost more than RM1 billion, is planned to be built at Tasik Kenyir to optimize the use of the area, which is one-third the size of Singapore. It is a floating solar farm. The only place where we have a large water body is there.”
However, TI executive director Burhanuddin Hilmi revealed that the study for the project will commence within the next three months and will take eight months to complete.