KOTA KINABALU: Chief Minister Datuk Seri Hajiji Noor today witnessed the exchange of documents between SBH Kibing Solar New Energy (M) Sdn Bhd and two Sabah government-linked companies (GLC) for its new RM7.2 billion solar glass manufacturing plant at Kimanis.
The Chief Minister said the new investment is significant in generating further economic growth for Sabah and creating employment opportunities for the local communities.
The first was the exchange of the sublease agreement between SBH Kibing and Fokasrama Sdn Bhd, a wholly-owned subsidiary of the Sawit Kinabalu Group.
The sublease agreement will pave the way for the development of a state-of-the-art solar glass manufacturing plant, set to become one of the largest facilities of its kind in the region.
The development is part of SBH Kibing’s plan aimed at expanding Sabah’s renewable energy infrastructure, enhancing its global solar energy market position, and complementing the China-based company’s existing plant at the Kota Kinabalu Industrial Park (KKIP).
The new solar glass facility also highlighted Kibing’s commitment to renewable energy growth within Sabah and establishing a key manufacturing site in Sabah.
Representing Fokasrama Sdn Bhd was Sawit Kinabalu Group Managing Director/Chief Executive Officer Datuk Victor Ationg, while its Chairman William Chen represented SBH Kibing Solar New Energy (M) Sdn Bhd.
The second exchange of documents was for the Heads of Agreement between SBH Kibing Solar New Energy (M) Sdn Bhd and Sabah Energy Corporation Sdn Bhd (SEC) to supply 45 million standard cubic feet per day (mmscfd) of natural gas to support the new factory’s operations.
As Sabah’s primary natural gas provider, SEC continues to play an important role in driving regional economic growth through reliable and cleaner energy solutions.
Deasoka
