Fajarbaru, China Gezhouba in JV to target Pekan solar project

KUALA LUMPUR: Fajarbaru Builder Group Bhd and a Chinese partner have teamed up to participate in a tender called by the Energy Commission to develop a 40MWac solar photovoltaic project in Pekan, Pahang.

Fajarbaru, in a filing with Bursa Malaysia today, said its wholly owned subsidiary Potential Region Sdn Bhd (PRSB), had on Aug 14 entered into a joint venture agreement with China Gezhouba Group (Hong Kong) Overseas Investment Co Ltd to pursue the project.

Fajarbaru and PRSB will have a combined 57% stake in the joint venture company, with China Gezhouba holding the rest.

"In the event of the successful award, the parties are desirous of jointly executing the design, construction, completion and maintenance of all the work required under the contract being signed between the parties and Tenaga Nasional Bhd," it said.

Corporate News , Fajarbaru , solar


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