Citaglobal Berhad (Citaglobal or the Group) announced that a consortium (Consortium) comprising Citaglobal Renewable Energy Sdn Bhd, a subsidiary of the Group, Abu Dhabi Future Energy Company PJSC (Masdar), and Tiza Global Sdn Bhd, had on 4 September 2025 accepted a letter of notification (LON) from the Energy Commission of Malaysia (EC), notifying the consortium that it has been selected as a shortlisted bidder for the development of a large-scale solar (LSS) photovoltaic plant with a capacity of 200MW at the Chereh Dam in Kuantan, Pahang.
Upon completion, the Chereh Dam plant will be South East Asia’s largest floating solar power facility, surpassing the region’s current benchmark: the 145MWac Cirata Floating Solar Plant in Indonesia, developed by Masdar and PT PLN Nusantara Power.
Masdar is one of the world’s fastest-growing renewable energy companies and a key enabler of the United Arab Emirates’ net zero vision. The company is recognised for spearheading utility-scale clean energy projects globally and brings to the Consortium proven expertise in developing and operating large-scale floating solar PV power plants. As at end 2024, Masdar has a total renewable energy capacity of 51 gigawatts whereby USD8 billion in equity was deployed in year 2024 itself.
Occupying approximately 750 acres of water surface, the Chereh Dam plant will have a generation capacity of more than 300MWp (200MWac) and is expected to produce an average of 433 gigawatt-hours (GWh) of clean electricity annually, which can power the equivalent of over 100,000 Malaysian homes.
As part of its efforts to boost the generation of renewable energy and ensure a continuous energy supply in Malaysia, the EC had in January invited qualified companies or consortiums with extensive energy generation project experience to participate in a competitive open bidding program known as LSS PETRA 5+ for the development of LSS power plants in Peninsular Malaysia.
Under the latest LSS5+ bidding round, the EC had a shortlist of 13 bidders with a combined capacity of 1,975MW. Out of this, only one bidder was shortlisted for Malaysia’s largest floating solar installations, with a planned capacity of 200MW. This shortlisted bidder was Citaglobal.
The LON is subject to certain terms and conditions, including the execution of a 21-year solar power purchase agreement (PPA) between Tenaga Nasional Berhad and the Consortium. The plant is also scheduled to begin commercial operations by 30 November 2027.
This milestone collaboration builds upon the Joint Development Framework Agreement signed between Citaglobal and Masdar during COP28 in Dubai in 2023, marking a shared vision for impactful renewable energy deployment across Malaysia with a focus on the state of Pahang.
“This award underscores Citaglobal’s steadfast commitment to sustainable infrastructure development and aligns strongly with the nation’s aspiration to achieve net-zero emissions by 2050,” said Tan Sri Dr. Mohamad Norza Zakaria, executive chairman and president of Citaglobal Berhad.
“This co-development with Masdar, a proven global renewable energy powerhouse, ensures this project is delivered with world-class capability, while contributing meaningfully to Malaysia’s energy security and economic resilience.”
Mohamed Jameel Al Ramahi, chief executive officer, Masdar, said, “We are proud to have been selected for this milestone project, which is not only our inaugural project in Malaysia, but also represents our largest floating solar development globally. The project reflects both our commercial focus on high-potential markets and our commitment to long-term strategic partnerships.
“This win reaffirms Masdar’s expertise in floating solar and position as a trusted clean energy partner across the region. We look forward to working closely with Citaglobal, Tiza Global, and the Government of Malaysia to help deliver on the country’s ambitious renewable energy roadmap,” continued Mohamed Jameel.
Beyond its renewable energy impact, the project represents a model of efficient land use and ecological harmony by utilising underutilised reservoir space. The development is expected to stimulate local employment opportunities in Pahang, strengthen regional power reliability, and contribute to broader climate and sustainability targets set out under the National Energy Transition Roadmap (NETR).
Source: Citaglobal (Press Release)