Centurion and Sunseap ink 20-year solar power agreement
Centurion Corporation and Sunseap Group have signed a 20-year solar power purchase agreement for a workers dormitory in Singapore.
The dormitory – ASPRI-Westlite Papan – is located at Jalan Papan and was built by developer Centurion-Lian Beng (Papan), a joint venture between Centurion and Lian Beng Group.
Under the agreement, Sunseap will be constructing and installing a 170 kilowatt peak solar system on the rooftop of the property. The solar photovoltaic system will help reduce its carbon footprint by a third.
This is expected to be ready by end-June 2019, and once completed will generate about 220,000 kilowatt hours of energy annually and offset about 30% of the dormitory’s peak energy usage, while reducing carbon footprint by 92 tons annually.
Furthermore, the solar photovoltaic system will also lower the cost of operations by about $200,000 over the next 20 years.
Kong Chee Min, CEO of Centurion says, "We are pleased to collaborate with Sunseap Group to implement this initiative in one of our workers accommodations in Singapore. Going forward, we will continue to engage in business practices that support environmental sustainability."
Frank Phuan, CEO and executive director of Sunseap says, "We look forward to more companies coming onboard to support the cause to go green and mitigate the pressing issue of global warming."
"As the leading renewable energy provider in Singapore, Sunseap is ready to support all companies in their drive to be environmentally friendly and we are very confident we can offer customised solutions suited to the needs of different businesses," adds Phuan.
Shares in Centurion closed at 41 cents.