- Press Releases
December 29 (Renewables Now) - Malaysian company Sunway Construction Group Bhd (SunCon) on Monday announced it has accepted Letters of Intent (LoI) for the construction of two 50-MW solar projects, secured in Malaysia's fourth large-scale solar (LSS4) tenders.
For both projects, the firm is expected to carry out the design, engineering, procurement, construction, testing and commissioning. The contracts, if finalised, will contribute to SunCon’s earnings in 2022.
The LoI for one of the projects has been issued by GBS Suria Sdn Bhd, a wholly-owned subsidiary of Gopeng Bhd. The total contract sum there is MYR 200 million (USD 47.6m/EUR 42.1m). The other LoI has been issued by Sharp Ventures Solar Sdn Bhd for a total contract sum of MYR 185 million.
Both solar photovoltaic (PV) parks have to be completed and operational by the end of 2023, as required by the Energy Commission, known in Malaysia as Suruhanjaya Tenaga.
(MYR 1 = USD 0.238/EUR 0.211)