Meta Bright Group’s FBO Land To Provide Solar PV Plants For Five Non-Profit Institutions In Johor, Malaysia

Meta Bright Group Berhad is pleased to announce that its wholly-owned subsidiary, FBO Land (Setapak) Sdn. Bhd. (FBO), had issued offer

letters regarding the solar program to five mosques and surau in Johor, to exclusively design, finance, install, construct, commission, operate and maintain the solar photovoltaic generating plants at the clients’ sites, leveraging on FBO’s status of a Registered Solar PV Investor (RPVI). All 5 clients have accepted the issued offer letters.

The program entails a term of 21 years, with the Client to purchase all the renewable electricity generated by the plants at the site, thus generating recurring income to FBO. It also entails a 15% discount to prevailing Tenaga Nasional Berhad (TNB) tariff rates equipped with imbalance cost passthrough (ICPT) for the Client.