PA Resources secures First Solar contract extension
PA Resources Bhd announced that its supply agreement with First Solar has been extended for two years at an approximate value of RM800 million.
"The agreement shall commence from May 2021 and shall remain effective for two years," the company said in a filing with Bursa Malaysia today.
DO YOU KNOW THAT MANUFACTURE OF SOLAR CELLS OR PANELS OR MODULE OR SYSTEMS ARE LISTED AS ONE OF THE PROMOTED ACTIVITIES & PRODUCTS WHICH ARE ELIGIBLE FOR CONSIDERATION OF PIONEER STATUS AND INVESTMENT TAX ALLOWANCE UNDER THE PROMOTION OF INVESTMENT ACT 1986
On Jan 24, 2018, PA Resources’s unit PA Extrusion (M) Sdn Bhd entered into a supply agreement with First Solar Inc, First Solar Vietnam Mfg Co Ltd and First Solar Malaysia Sdn Bhd (collectively referred to as First Solar), for a contract value of approximately RM600 million.
Under the deal, First Solar will purchase certain materials or other goods from PA Extrusion to be used in the production of solar photovoltaic modules.
Source: BERNAMA
Should you need help in setting up and applying for your business and operating licenses, please don’t hesitate to contact us.
Comments