PETALING JAYA: Samaiden Group Bhd, via its wholly-owned subsidiary Samaiden Sdn Bhd, has been awarded a contract valued at RM181.34mil by Suria Infiniti Sdn to develop a solar power plant in Kuala Muda, Kedah.
In a statement, the renewable energy specialist said the project is a large-scale solar photovoltaic power plant with a capacity of 50 megawatts, which has been approved by the Energy Commission.
Samaiden said the contract awarded is expected to contribute positively towards its future earnings throughout the duration of the project.
“Samaiden’s total outstanding orderbook, which currently stands at RM388mil, is expected to contribute positively to revenue and profit over the next three years,” the company said.
“We are steadily adding jobs to our EPCC business while at the same time, continuing our strategy to diversify geographically around the region. This will help to enhance our financial performance over the longer-term as we clinch more jobs as the demand for RE grows among businesses and governments on the need for a lower cost source of energy as well as to meet sustainability commitments,” group managing director Chow Pui Hee said.