Uzma on right track to broaden earnings base

PublicInvest Research said Uzma’s solar business order book stands at RM935mil, comprising RM255mil worth of EPCC works and RM670mil for the power purchase agreement or PPA from its 85MW-owned asset.

PETALING JAYA: The RM102mil contract to develop a 29.99MW large-scale solar photovoltaic plant (LSSPV) project in Bukit Badong, Selangor shows that Uzma Bhd is on the right track in realising its five-year plan to broaden its earnings base by building a healthy revenue mix.

The mix, of which 40% is to be derived from the non-oil and gas (O&G) segment, with solar energy being the largest contributor in three areas which are engineering, procurement, construction and commissioning (EPCC), operations and maintenance, and asset development.