File pic of a solar plant. KUALA LUMPUR: University Teknologi MARA's unit, UiTM Solar Power Dua Sdn Bhd (UiTM Solar 2) has proposed a green SRI Sukuk of up to RM100mil which would be used for its solar plants. Malaysian Rating Corporation Bhd (MARC) said on Tuesday it had assigned a preliminary rating of AA-IS to UiTM Solar 2's sukuk with a stable outlook for the rating. UiTM Solar 2 was set up to develop and operate a 25MW solar power plant in Pasir Gudang, Johor. Its parent, UiTM Energy & Facilities Sdn Bhd (UiTM Energy) operates a 50MW solar power plant in Gambang, Pahang through another subsidiary which has been rated at AA-/Stable by MARC. UiTM Energy is owned by UiTM.,
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