Solarvest wins RM47mil project


KUALA LUMPUR: Solarvest Holdings Bhd has secured a RM46.75mil contract from Tenaga Nasional Bhd (TNB) to build a 50 megawatt (MW) large scale solar farm in Kedah under the LSS@Mentari programme.

In a filing with Bursa Malaysia yesterday, Solarvest said its wholly-owned subsidiary, Atlantic Blue Sdn Bhd, had been appointed by TNB Engineering Corp Sdn Bhd (TNEC) for the job.

TNEC is a wholly-owned subsidiary of TNB.

Solarvest said the project involved the installation of about 136,890 pieces of solar photovoltaic (PV) panels, which are capable of generating up to 50MW of green energy.

“It is scheduled to reach its commercial operation date by the first quarter of 2023.”

In a statement, Solarvest group chief executive officer Davis Chong Chun Shiong said the project with TNB would drive the transition towards a low-carbon energy generation future.

“The LSS programme has been a key growth driver to the solar PV ecosystem in Malaysia, with billions of ringgit invested to unlock green energy to the grid and welcomed numerous participations from other industries,” he said.

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 1
Cxense type: free
User access status: 3
Join our Telegram channel to get our Evening Alerts and breaking news highlights

Solarvest , Tenaga , TNB , wins project , solar farm ,

   

Next In Business News

TNB gets nod for RP3; electricity tariff remains
Inta Bina secures RM160.6mil construction contract
Financial Sector Blueprint 2022-2026 initiatives complement current banking infrastructure
Boustead, Boustead Plantations appoint new directors
KLCC REIT returns to the black in 4Q
SDP's report on forced labour allegation close to completion
Bursa Malaysia ends broadly higher
RHB hosts webinar on small cap investment
Bursa Malaysia posts RM355.25mil net profit for FY2021
AirAsia changes name to Capital A to reflect new core business strategy

Others Also Read


Vouchers