# Ibraco Signs 100 MW Solar PPA With Syarikat Sesco For Sarawak Project
*Author: Eternalgy Market Intelligence Team | Category: news | Published: Fri Jun 26 2026 00:00:00 GMT+0000 (Coordinated Universal Time)*

## English

* **Ibraco Bhd** has signed a 30-year Power Purchase Agreement (PPA) with Syarikat Sesco Bhd for a **100 MW (AC) solar PV project** in Similajau, Bintulu Division, Sarawak
* The project will be developed by Equinox Power Sdn Bhd, an associate company **24.5%-owned by Ibraco**
* Equinox Power will **develop, construct, own, operate, and maintain** the solar facility
* Commercial operations are expected to commence by **December 2029**
* The PPA is not expected to materially impact Ibraco's FY2026 earnings but will contribute positively once operational
* This marks Ibraco's **diversification from infrastructure and property into renewable energy**
* Ibraco shares ended flat at **RM1.16**, giving a market capitalisation of **RM633.4 million**
* The agreement was disclosed via a Bursa Malaysia filing on **June 26, 2026**

## 中文

* **Ibraco有限公司**与Syarikat Sesco有限公司签署了一份为期30年的购电协议（PPA），将在砂拉越实必劳开发一座**100兆瓦（交流）太阳能光伏发电项目**
* 该项目将由Equinox Power有限公司开发，该公司由Ibraco**持有24.5%股权**
* Equinox Power将负责**开发、建设、拥有、运营和维护**该太阳能设施
* 预计商业运营将于**2029年12月**启动
* 该PPA预计不会对Ibraco 2026财年收益产生重大影响，但投入运营后将带来积极贡献
* 此举标志着Ibraco从基础设施和房地产领域**向可再生能源的多元化转型**
* Ibraco股价收平于**1.16令吉**，市值为**6.334亿令吉**
* 该协议于**2026年6月26日**通过马来西亚交易所公告披露