KUALA LUMPUR: Mydin Mohamed Holdings Bhd (Mydin Holdings) has become the first retail chain to install solar rooftop photovoltaic (PV) systems.
This is after Tenaga Nasional Bhd (TNB) through GSPARX Sdn Bhd sealed a Supply Agreement for Renewable Energy (SARE) with Mydin Holdings last week, to install solar PV on the rooftop of Mydin Mall Manjoi, Ipoh, Perak.
The 324 kilowatt-peak (kWp) solar rooftop PV is expected to generate up to RM3.24 million in electricity bill savings within the project’s 25-year duration period.
Mydin Holdings hopes the agreement can spark similar ventures between both parties, going forward.
“This is a small step that may pave the way towards similar collaboration in seven of our hypermarkets,” said Mydin Holdings managing director Datuk Wira Dr Ameer Ali Mydin.
He said Mydin Holdings’ focus was not solely on generating profit, as it also placed importance on humanity and the environment, as outlined in the triple bottom line concept (people, planet, and profit).
“The Mydin-TNB collaboration is a contribution to energy sustainability for the good of the organisation, community, and country.
“This is our commitment for the future generation,” he said at the signing ceremony at Mydin Holdings, Subang Jaya.
The SARE was sealed between GSPARX Sdn Bhd, which is a wholly-owned subsidiary of TNB Renewables Sdn bhd, and Mydin Holdings.
The deal makes Mydin the first chain retailer in Malaysia to heed the government’s call for green energy (RE).
The agreement was signed by TNB chief ventures officer and director of GSPARX Datuk Nor Azman Mufti, TNB chief retail officer Megat Jalaludin Megat Hassan, and Mydin Holdings executive director Datuk Murad Ali Mydin.
Megat Jalaluddin said the collaboration was in line with the government’s aspiration to reach 20 per cent renewable energy generation by 2025.
“This collaboration is a win-win arrangement for GSPARX, being a registered solar PV investor; TNB Retail which offers services to state and federal government buildings, commercial, and industrial customers; and Mydin as a customer,” he said.
“The solar installation will enable Mydin to use electricity generated at a lower tariff and help towards carbon footprints reduction.”
The agreement, which also covers Net Energy Metering (NEM) scheme, will allow Mydin Holdings to transfer the surplus of energy generated to TNB, at the same rate of electricity charges.
TNB aspires to generate 1,700 MW RE by 2025.