PUTRAJAYA: IOI Corp Bhd wants to develop more solar energy projects as part of its strategy to expand its renewable energy business portfolio.
Group managing director and chief executive officer Datuk Lee Yeow Chor said the company is evaluating several opportunities following its recent announcement of a 500-megawatt (MW) solar project in Bahau, Negri Sembilan.
"We have also been approached by experienced renewable energy players, and we are currently exploring several opportunities for solar plant projects," he told reporters at the company's annual general meeting press conference.
Lee said IOI Corp has identified at least two other estates located near major connection points to Tenaga Nasional Bhd's electricity grid, making them potentially suitable for solar developments.
