Solarvest wins contract to build 40 MW solar farm in Malaysia
Mar 14, 2022
Solarvest Holdings Bhd, a Malaysian manufacturer of photovoltaic power plants, has been awarded three contracts to build large-scale solar power plants of 40 MW in its home country.
Solarvest said today that the engineering, procurement, construction and commissioning (EPCC) contract has a total value of MYR154.4 million (US$36.8 million/€33.5 million) and is secured under the local Large Scale Solar 4 (LSS4) scheme.
Taiping Solar Ltd, through its three wholly-owned subsidiaries, appointed PV companies as EPCC contractors.
The TEJA 1 and Kellie solar power plants are scheduled to begin commercial operations by the end of this year, while the 10 MW TEJA 2 plant is scheduled for completion in mid-2023.
Solarvest executive director and chief executive officer Davis Chong Chun Shiong said: “With the new contract, our total unbilled order book is now at an all-time high of around RM742 million. Most of this will be received by the end of 2024. Confirmed, providing the group with encouraging earnings visibility."
(1.0 Malaysian Ringgit = 0.239 USD / 0.217 EUR)
