KUALA LUMPUR: G Capital Bhd's 70%-owned subsidiary Solarcity Malaysia Sdn Bhd has inked power purchase agreements (PPA) with China Well Fasteners Co Sdn Bhd and Chin Herr Industries Sdn Bhd for the contruction of solar photovoltaic energy generating systems with a total capacity of 5,380.56KWp.

       In a bourse filing, the group said it will design, construct, install, own, operate and maintain the 2,380.32KWp and 3,000.24KWp plants at the premises of Chin Well Fasteners and Chin Herr respectively in Bukit Mertajam, Penang.

       It said the PPA will be for a period of 25 years from the commercial operation date in accordance with the agreed terms and conditions as stipulated in the PPA.

       According to G Capital, the plants are expected to achieve commercial operation by the fourth quarter of 2022 and is expected to contribute positively to the group's future earnings.