SHAH ALAM, March 11 (Bernama) — The investment arm of Universiti Teknologi MARA (UiTM), UiTM Holdings Sdn Bhd (UHSB), via its wholly owned subsidiary, UiTM Energy & Facilities Sdn Bhd (UEFSB), recently signed a Letter of Intent with Petroliam Nasional Berhad’s (PETRONAS) New Energy unit, to collaborate and jointly develop Large Scale Solar Photovoltaic Power Plants and On-Campus Energy Optimisation and Solar Rooftop projects.
Under the agreement, both parties aim to leverage on each other’s strengths and experiences to jointly develop and execute renewable energy and energy optimisation projects. They will be looking at opportunities to develop Large Scale Solar Photovoltaic Power Plants and to implement energy efficiency and optimisation programmes as well as the installation of solar generators on the rooftop of selected buildings in UiTM campuses nationwide. With over 30 campuses throughout the country, UiTM can potentially save up to 30% on its annual energy expenditure.