Nestcon Solar Sdn Bhd (NSSB), a subsidiary of Nestcon Sustainable Solutions Sdn Bhd has signed a memorandum of understanding (MoU) with Nam Heng Safety Glass Sdn Bhd to develop a solar photovoltaic (PV) system in Malaysia. NSSB will develop, design, install, construct, and commission the PV system on the rooftop of Subang Safety Glass’s premises in Taman Perindustrian Subang, Selangor. The contract is worth RM3,596,112.00, subject to adjustments based on change orders.
The agreement becomes effective once approvals from the Sustainable Energy Development Authority (SEDA) are obtained and site assessments are completed. The commercial operation is expected to begin approximately twelve months from the effective date, with a defect liability period of two years from the commercial operation date.