Samaiden Group Secures Major Bioenergy Contracts, Enhancing Earnings Outlook
BIOFUELS
Samaiden Group Berhad (SAMAIDEN) has secured contracts for three bioenergy power generation plants totaling 18 megawatts (MW) during the Feed in Tariff (FiT) 2.0 bidding cycle. The projects comprise a 1.5MW biogas plant in Bachok, Kelantan; a 5.5MW biomass plant in Tangkak, Johor; and an 11.0MW biomass plant in Kemaman, Terengganu. Scheduled for commissioning by July 25, 2028, these plants will operate under 21-year Renewable Energy Power Purchase Agreements (REPPAs), reinforcing SAMAIDEN's commitment to renewable energy development.
Jul 31, 2025, 12:00 AM