Sunview adds a RM40.5 million bank line for a battery on the LSS4 Pekan project - the line covers 78.17% of that job, the box size is blank, and the net rise in facilities is RM20.5 million
On 4 November 2026 Sunview said SAM 2 accepted a supplementary letter from Bank Kerjasama Raykat Malaysia, dated 2 October 2026. A new facility part-finances installation of a battery on the LSS4 Pekan project under the corporate renewable energy supply scheme, up to RM40.5 million or 78.17% of that cost, whichever is lower. Total facilities move from RM170 million to RM190.5 million. A performance guarantee in favour of Tenaga Nasional falls from RM45 million to RM25 million. No megawatt-hours, no profit rate and no sen rate are printed.
A large power user looking at Malaysia's corporate renewable scheme now has a bank ceiling on part of a battery job in Pekan. The letter does not say how big the box is. It does not say what the user pays per unit.
On 4 November 2026 Sunview Group Berhad told the exchange that SAM 2 Sdn. Bhd., an indirect wholly owned subsidiary, accepted a first supplementary letter of offer. The letter is dated 2 October 2026. The announcement spells the bank Bank Kerjasama Raykat Malaysia Berhad. It points back to a facilities announcement of 25 March 2026 for the defined terms. The new letter revises the maximum aggregate principal to RM190,500,000, from a printed existing total of RM170,000,000. The printed change in the total is RM20,500,000.
The new piece is a letter-of-credit and term line, LC-i/TF-i 3, with an interchangeable limit of up to RM40,500,000. The term-financing purpose is to part-finance up to RM40,500,000 or 78.17 percent, whichever is lower, of the installation and integration of a battery energy storage system for the LSS4 Pekan project under the Corporate Renewable Energy Supply Scheme. LSS4 is a large-scale solar round. CRESS is the path for a renewable plant to sell power to a corporate user across the grid. The letter prints no megawatts for the battery, no megawatt-hours, and no hours.
78.17 percent is a cap on a share of the job. RM40.5 million is the bank's ceiling on that share. The letter does not print the rest of the battery invoice. Dividing RM40.5 million by 0.7817 would invent a total the page left as "whichever is lower". This note does not do that division. A battery only holds energy put into it. The letter does not say whether the box charges from the Pekan plant, from the grid, or from both.
The other lines in the same letter were already on the March facility, with two changes. Term financing of RM63 million still part-finances up to RM63 million or 90 percent, whichever is lower, of SAM 2's tender price to acquire a 50 MW solar plant from PKNP Reneuco Suria Sdn. Bhd. The place line reads Mukim of Pahang, Daerah of Pekan, Pahang Darul Makmur. A second line, up to RM62 million, still part-finances up to RM62 million or 85.57 percent, whichever is lower, of the construction cost to complete that solar plant. The bank guarantee falls from RM45 million to RM25 million. Its purpose is a performance guarantee in favour of Tenaga Nasional Berhad. 63 plus 62 plus 40.5 plus 25 is 190.5, our addition, matching the printed new total. 40.5 minus 20 is 20.5, our arithmetic, matching the printed rise. The net new money is the battery line minus the cut in the guarantee. RM190.5 million is the whole facility. It is not the battery price.
The acquisition line names a 50 MW plant in Pekan. The battery line names the LSS4 Pekan project. Both sit in one letter to one subsidiary, and both use the Pekan place name. The letter does not print a sentence that maps one asset onto the other, and it does not name a second town. It also does not name the corporate customer. A 50 MW plant on this page is not a factory roof. The panels, as described, are a plant SAM 2 is buying.
The term lines run 15 years, or 180 months, including 24 months of grace from the first drawdown, and each is subject to annual review by the bank. The letter-of-credit usance is up to 180 days. The guarantee follows the contract period the beneficiary sets, again with an annual review. Fifteen years here is a loan clock. It is not a printed power-sale term, and it is not a sen rate. The page prints no profit rate, no margin, and no security. It says the facilities, once used, are expected to contribute positively to earnings. It prints no ringgit for that sentence. It says the letter issues no new shares.
This is a different page from the Bahau shareholders' agreement and from Northern Solar's two letters earlier this month. Those notes left a build cost blank. This letter prints a bank ceiling on a share of one battery job. It still leaves the sen a corporate user would pay off the page.
Analogy: RM40.5 million is the ceiling on the bank's share of the battery works. The price a company pays per unit of green power is a different sheet of paper. That price is blank here.
Good: A dated exchange announcement, a named borrower, a named bank spelling, a 2 October letter accepted on 4 November, a new RM40.5 million line, 78.17 percent, the CRESS name, the LSS4 Pekan name, the 50 MW acquisition line, the guarantee cut, and the 15-year clock with a 24-month grace and an annual review.
Bad: No battery megawatts, no megawatt-hours, no hours, no sen rate, no profit rate, no drawdown date, and no named corporate customer. 190.5 and 20.5 are our addition, matching figures the letter already prints. The full battery invoice is not on the page. The 50 MW plant and the LSS4 project share a place name and a letter. The page does not print a map. Raykat is the spelling on the announcement. The March 2026 page is cited for definitions and is not re-read here.
Ugly: Reading RM190.5 million as the battery price. Reading RM40.5 million as the whole battery invoice. Dividing by 0.7817 to invent a total. Pasting a sen rate from another CRESS page onto this letter. Treating the 15-year loan as a signed power contract. Treating the 50 MW plant as a box on a factory roof.
Soft next step: write RM40.5 million as a bank ceiling on 78.17 percent of the battery job, write the net facility rise as RM20.5 million, and leave the megawatt-hours and the sen rate blank.
Source: Sunview Group Berhad announcement, 4 Nov 2026, acceptance of a supplementary letter of offer. Primary for the 4 November acceptance of a first supplementary letter dated 2 October 2026 from the bank spelled Bank Kerjasama Raykat Malaysia Berhad, the reference to the 25 March 2026 facilities announcement, the revised maximum of RM190,500,000 against a printed existing total of RM170,000,000 and a printed rise of RM20,500,000, TF-i 1 at RM63 million for up to 90 percent of the tender price to acquire the 50 MW plant in Mukim of Pahang, Daerah of Pekan, from PKNP Reneuco Suria Sdn. Bhd., the RM62 million line for up to 85.57 percent of construction cost, the new LC-i/TF-i 3 limit of RM40.5 million for up to 78.17 percent of battery installation and integration on the LSS4 Pekan project under CRESS, the bank guarantee cut from RM45 million to RM25 million in favour of Tenaga Nasional Berhad, the 15-year term including 24 months of grace and annual review, letter-of-credit usance up to 180 days, the earnings sentence with no ringgit figure, and the statement that the letter issues no new shares. The page prints no battery megawatts, no megawatt-hours, no sen rate and no profit rate. 63 plus 62 plus 40.5 plus 25, and 40.5 minus 20, are our arithmetic. The source prints the totals those workings match. It does not print the workings.