UEM Lestra Bhd, a subsidiary of UEM Group Bhd, has signed an agreement with Blueleaf Energy and ITRAMAS Corporation to develop a 500 MW hybrid solar power plant in Malaysia. This project is part of UEM Lestra’s 1 GW hybrid solar power plant initiative under Malaysia’s National Energy Transition Roadmap (NETR).
The companies are working with the government to finalise the third-party access framework needed for the project’s execution. The agreement establishes a joint venture (JV), Lestra Blueleaf JV Sdn Bhd, with UEM Lestra holding 51 per cent and Blueleaf Energy’s 49 per cent stake. ITRAMAS will provide technical services to develop an Engineering, Procurement, Construction, and Commissioning (EPCC) package.