Share:

Print

ZUL RAFIQUE & Partners’ Energy & Utilities team has been associated with the energy team of UiTM Holdings Berhad since 2016 when Hamdi Abdullah and his team assisted the UiTM Holdings’ Group pioneering foray into the development and operation of UiTM Solar Power Sdn Bhd 50 MW LSS (“Large Scale Solar”) in Gambang Pahang (UiTM Solar Park I). More recently, together with Nur Athirah Mohd Nordin, the team completed an advisory in the bid, development and financing of UiTM Solar Power Dua Sdn Bhd’s 25MW LSS at Pasir Gudang, Johor Darul Takzim. (UiTM Solar Park II).

UiTM Solar Park II is sited on 112 acres of land within the UiTM Pasir Gudang campus, Daerah Johor Bahru, Johor. The project site was selected based on environmental criteria, which include solar radiation intensity, local physical terrain, environment, and climate, as well as its proximity to the grid connection point. The site is sub-leased from UiTM.  Work commenced in 2020, weathered the COVID-19 Movement Control Order, and we successfully achieved the Commercial Operations Date in December 2020. UiTM Solar Park II is showcased in MIDA Quality Projects 2020.

Both Solar Parks are demonstrative of a group-wide strategy to support sustainable development and climate change mitigation. Both Solar Parks succeeded in meeting the Green SRI Sukuk Framework, aligning itself with UiTM Group's positioning of sustainability as an intentional and aspirational strategy and its ongoing transition towards greater environmental and social responsibility in its governance approach.

In this project our team advised UiTM Solar Park II from the Power Purchase Agreement, appointment of consultants, EPC contractor and the Operations and Maintenance Contractor. The firm also acted as Issuer’s counsel in the AA-IS rated UiTM Solar Power Dua Sdn Bhd’s Green SRI Sukuk of up to MYR100.0 million.

For more insights into this area of law, please contact our Partners in the Energy & Utilities Practice Group:
Lukman Sheriff Alias
Michele J Chong
Hamdi Abdullah
Teh Hooi Woon