KUALA LUMPUR: Ajiya Bhd has awarded Plus Solar Systems Sdn Bhd a RM3 million contract to outfit its factory in Segamat, Johor with a rooftop solar photovoltaic (PV) setup.
Ajiya said the partnership would move it closer to its 2040 sustainability targets, aligned to the United Nation's Sustainable Development Goals for clean and affordable energy.
"At 20 per cent return on investment (ROI) a year, Ajiya will enjoy a swift return of just five years.
"This is made possible due to the Net Energy Metering scheme and Green Investment Tax Allowance, both of which makes such investments attractive," it said.
Ajiya managing director Datuk Chan Wah Kiang said Plus Solar had given it "extremely competitive" costing at a season when businesses were price-sensitive.
Chan said Plus Solar consultative approach, high levels of professionalism and deep know-how had eased its transition to sustainable energy.
"In addition, they assisted us closely throughout our entire tax exemption application process, ensuring a smooth approval.
"This was important to us as it determined an attractive rate of return for us, making this a worthwhile investment," he said.
Aside from implementing solar power, Chan said the company was driven towards the nation's digitalisation goals by adopting Plus Solar's Source system.
Source is a smart energy performance management system that leverages the internet of things (IoT) meters, sensors, controllers and Artificial Intelligence (Ai) to manage a building's energy demand and consumption to maximise savings.
"This has helped Ajiya enjoy a 20 per cent per year savings on energy charges, incurred at times when the factory experiences maximum electricity demand. It has translated to savings of up to RM50,000 per month.
"The insights from Source has allowed us to plan our production in advance, as we can anticipate surge periods whilst adjusting the usage accordingly, which ties back to our sustainable development goals (SDG)," he said.
Ajiya currently offers its Green Integrated Building System comprising the eighth series product line, which includes metal roofing and frames, ceiling products, sunshade, safety glass and composite floor deck.