Solarvest lands another EPC job in Malaysia worth USD 21m

Malaysian photovoltaic (PV) plants builder Solarvest Holdings Bhd (KLSE:SLVEST) has won a MYR-87.5-million (USD 20.8m/EUR 17.6m) job on a large-scale solar project in Kulim, Kedah.

Solarvest will undertake the main engineering, procurement, construction and commissioning (EPCC) works for a 20.76-MW plant under a contract awarded by the Energy ES consortium, which includes Savelite Engineering Sdn Bhd, Moderntent Development Sdn Bhd and Frasers Construction (M) Sdn Bhd.

The award is Solarvest’s second consecutive under the LSS4 scheme and 11th under the national Large Scale Solar (LSS) programme. The company now has a total LSS4 order book for EPCC works of MYR 130.4 million.

Earlier in the month, Solarvest said it will install 10.95 MW of solar capacity for local property firm M K Land Holdings Herhad (KLSE:MKLAND).

“We hope to further increase our market share in the LSS4 programme in the coming months as shortlisted bidders are in the advanced stages of awarding the EPCC contracts out. In total we have a tender pipeline of MYR 600 million to MYR 700 million worth of projects under the LSS4 programme alone,” said group CEO Davis Chong Chun Shiong. He added that the company has to date secured 1,000 MWp of projects across Malaysia, Taiwan and Philippines.

(MYR 1.0 = USD 0.238/EUR 0.201)

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