en.Wedoany.com Reported - Malaysian infrastructure and property development company Ibraco Bhd has signed a Power Purchase Agreement (PPA) with Syarikat Sesco Bhd to develop a 100 MW solar photovoltaic project in Sarawak. The agreement was announced on June 26, 2026, through a regulatory filing submitted to Bursa Malaysia.

Located in Bintulu, Sarawak, the project marks Ibraco's first foray into large-scale renewable energy infrastructure. Under the agreement, the company will be responsible for the design, construction, development, and long-term operation of the solar photovoltaic facility. Once completed, the plant will generate 100 MW of alternating current (AC) electricity, which will be supplied directly to Syarikat Sesco Bhd.

The project is expected to meet Sarawak's growing demand for clean electricity while strengthening the region's power infrastructure. It also reflects Malaysia's ongoing efforts to expand renewable energy generation capacity and reduce reliance on traditional energy sources.

The Power Purchase Agreement defines the responsibilities of both parties regarding the sale and purchase of electricity from the plant. The agreement takes effect from the commercial operation date and has a term of 30 years. According to the filing, the project is expected to achieve commercial operation by December 2029.

Ibraco stated that the agreement is not expected to have an immediate material impact on its earnings or net assets for the fiscal year ending December 31, 2026. As the project is in its early development stage, its financial contribution will begin to materialize after the plant becomes operational.

The company expects the project to generate stable and recurring income over the long term once commercial operations commence. Under the long-term agreement, the solar facility is expected to contribute positively to Ibraco's future financial performance through electricity sales.

This project represents a significant milestone for Ibraco, marking its diversification from infrastructure and property development into the renewable energy sector. The investment aligns with the company's long-term growth strategy and supports Malaysia's clean energy transition. With the signing of the 30-year Power Purchase Agreement, the project is expected to provide a reliable source of renewable electricity while contributing to national sustainable development goals and the expansion of solar capacity in Sarawak.