Deal #10389

Malaysia
Created at
2024-06-16
Last update
2024-08-27

Land area

Size under contract (leased or purchased area)
  • [2019, current] 50 ha
Comment on land area
Hashini said the project will be implemented as soon as the agreement is obtained from 397 private land owners involving an area of ​​125 acres (50 hectares) for a period of 21 years.

Intention of investment

Intention of investment
  • [2020, current] Solar park (50 ha)

Nature of the deal

Nature of the deal
Lease
Comment on nature of the deal
A total of 397 private landowners will be paid RM5,000 for each relong (0.71 acre or 0.29 hectare) they lease, compared to the RM1,000 they get per relong from a single crop of rice a year, he noted.

Negotiation status

Negotiation status
  • [2019-07-01, current] Concluded (Contract signed)
Comment on negotiation status
In 2019, Konsortium Beseri Jaya Sdn Bhd (KBJ) and Hanwha Energy Corp Singapore Pte Ltd (Hanwha) have set up a joint venture firm, KBJ Hecmy, investing over RM220 million to develop a 30 megawatt (MW) photovoltaic power plant at Kampung Perawah, Chuping

Implementation status

Implementation status
  • [2019] Startup phase (no production)
  • [2020-11, current] In operation (production)
Comment on implementation status
The project achieved commercial operation in November 2020

Contract farming

Contract farming
No