Solarvest nabs EPC deal for 50-MW solar park in Malaysia

Malaysian photovoltaic (PV) plants builder Solarvest Holdings Bhd (KLSE:SLVEST) has been tasked with the construction of a 50-MW solar park at home under a MYR-175-million (USD 42.2m/EUR 35.8m) contract.

The order was placed by Classic Solar Farm Sdn Bhd and concerns the main engineering, procurement, construction, and commissioning (EPCC) works for the project. The photovoltaic (PV) park will be installed in Chuping, in the state of Perlis, and will be capable of producing around 78,450 tonnes of carbon dioxide (CO2) emissions annually, Solarvest said on Wednesday.

The award was secured under Malaysia’s Large Scale Solar (LSS) programme. It has expanded Solarvest’s order book with EPCC deals secured from the LSS scheme to some MYR 371 million. Its wider EPCC order book, meanwhile, has reached MYR 583 million.

“It will be a busy year ahead for Solarvest as we steadfastly grow our market share across all our key market segments,” said CEO Davis Chong Chun Shiong. He added that the company is competing in tenders for roughly 1,000 MWp of projects in Malaysia, Taiwan and the Philippines.

Last month, Solarvest won an EPCC contract for a 17.36-MW solar project in Malaysia’s Perak state.

(MYR 1.0 = USD 0.241/EUR 0.204)

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