KUALA LUMPUR (March 6): Pekat Group Bhd said its wholly-owned unit Pekat Solar Sdn Bhd has received a writ of summons and statement of claim from Multiplex Packaging Sdn Bhd dated Feb 16, 2023.

Multiplex as the plaintiff made claims against Pekat Solar over disputes on supply and installation of two solar photovoltaic (PV) systems under the net energy metering (NEM) system and self-consumption (selco) system allowable by the Energy Commission.

The claims include losses from the installations amounting to RM848,999, bank loan interest amounting to RM508,080, and damages of RM849,364.49 as a result of loss of income.

Other claims include interest at the rate of 5% per annum calculated from the date of the judgement until the date of the repayment.

The company is seeking the necessary legal advice to defend this matter and an appearance has been entered to defend the writ on March 6, 2023 by its solicitors, Messrs Gideon Tan Razali Zaini, said Pekat in its filing.

“Apart from the amount claimed by the plaintiff, the company is not expected to have any other material financial impact on the company for the financial year ending December 31, 2023 arising from the writ and SOC,” said the group.

“The writ and SOC are not expected to have any business and operational impact on the company.”

Pekat Group’s share price closed one sen or 2.2% higher to 46.5 sen. Its market capitalisation stood at RM296.65 million.