PETALING JAYA: Pekat Group Bhd has secured a contract worth RM38.3mil from Sun Estates Sdn Bhd to develop a large-scale solar (LSS) photovoltaic (PV) farm in Perak.
A statement yesterday said the company’s wholly-owned subsidiary Pekat Solar Sdn Bhd (PSSB) has accepted the letter of award from Sun Estates for its appointment as the turnkey engineering, procurement, construction and commissioning (EPCC) contractor for the project.
Sun Estates has also inked a two-year contract with PSSB for the maintenance of the solar PV farm, which is expected to be commissioned in December 2023.
The 10 megawatt alternating current solar PV farm in Batang Padang, Perak, is part of the LSS Bidding Cycle 4 (LSS@Mentari) competitive bidding that was conducted by the Energy Commission in 2021.
Pekat Group is a solar PV and earthing and lightning protection specialist. while Sun Estates’ principal activity is the operation of power generation facilities that produce electric energy.
Pekat executive director Wee Chek Aik said the latest contract win provides a timely replenishment of the company’s solar EPCC order book to RM209mil following the completion of its RM33.1mil EPCC contract for Proton’s solar PV farm at its Tanjung Malim plant in Perak six months head of schedule.
He noted that “Pekat’s expertise is becoming increasingly relevant at a time when more and more organisations are becoming carbon-conscious and are seeking to adopt clean, renewable energy.
“Solar energy provides the much needed alternative for companies to manage their long-term energy costs especially in light of the current global energy crunch, which has been triggered by rising demand in clean energy, underinvestment and geopolitical tensions resulting in the surge in energy prices.”Furthermore, with the prices of coal to oil and gas having more than doubled in the last two years, the cost of generating electricity from such fuels have escalated and our domestic electricity tariff has been adversely impacted.
“However, we are optimistic of our growth prospects in the renewable energy space moving forward,” he added.