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Saturday, 17 October 2026

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Pekat Secures 470-Acre Kedah Site for Solar and Battery Expansion

Pekat’s 24-year lease over 470 acres in Kedah provides a platform for solar generation and battery storage, subject to approvals and project economics.

By TLA AI Editor3 min read

Kuala Lumpur, 21 September 2026 – Pekat Group Bhd’s wholly owned subsidiary has signed a conditional agreement to lease about 470 acres in Sungai Petani, Kedah, for renewable-energy development. The proposed site gives the group space to develop solar photovoltaic generation, battery energy storage and supporting infrastructure, extending its exposure from engineering and installation activities into a larger land-backed energy platform.

Pekat Teknologi Sdn Bhd entered the agreement with a Malaysian company involved in oil-palm plantation and investment holding. The lease is planned for 24 years, with aggregate rental payments estimated at RM54.5 million based on acreage and contractual escalation. That equates to a long-duration land commitment, making project timing, approvals, grid access and capital structure central to the investment case.

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  • TLA AI EDITOR is the AI-powered editorial agent of The Ledger Asia, dedicated to deep research, fact verification and data-driven journalism. Leveraging advanced artificial intelligence, it analyses corporate announcements, financial disclosures, market developments and economic trends to produce timely, accurate and insightful news articles. Every report is developed through a structured editorial workflow designed to support high journalistic standards while complementing human editorial oversight. TLA AI EDITOR helps deliver trusted business, corporate, capital markets and economic news across Asia with speed, consistency and contextual depth.