KPower collaborates with Public Islamic Bank to finance and install solar PV systems

KPower Engineering Sdn Bhd (KPEng), a wholly-owned subsidiary of KPower Bhd, has entered into a memorandum of agreement (MOA) today with Public Islamic Bank Bhd (PIBB) on the financing and installation of solar photovoltaic (PV) systems for PIBB’s customers in relation to the net energy metering (NEM) scheme.

KPower’s group managing director Mustakim Mat Nun said the NEM scheme, which falls under the purview of the Sustainable Energy Development Authority (SEDA), provides the avenue for electricity users to install solar PV systems on the roofs of their respective buildings for electricity cost savings. 

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