PETALING JAYA: Fajarbaru Builder Group Bhd’s unit, Potential Region Sdn Bhd, has signed a joint venture (JV) agreement with China Gezhouba Group Overseas Investment Co Ltd to jointly tender for the construction of a solar power generating facility for Tenaga Nasional Bhd (TNB).
Fajarbaru said in a Bursa Malaysia announcement that it would jointly submit a tender to the Energy Commission (EC) for the solar power plant with a capacity of 40MWac in the Tanjung Agas Industrial Area in Pekan, Pahang.
The JV company will develop, install, implement and operate a large-scale solar photovoltaic energy-generating facility and deliver solar photovoltaic energy to TNB, it said.
“In the event of a 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 TNB, ” it said.
All rights, interest, liabilities, obligations, risks, profits and losses in connection with or arising out of the bidding for the project and the proposal document to the EC will be shared by the parties, with Fajarbaru bearing 57%.
The remainder will be borne by China Gezhouba Group.