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.

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