Reservoir Link sub-unit bags RM22mil solar farm sub-contract

KUALA LUMPUR: Reservoir Link Energy Bhd's sub-subsidiary Founder Energy Sdn Bhd has secured a contract worth about RM22mil from JS Solar Sdn Bhd for the sub-contracting works of a 50MWac solar farm in Kulim, Kedah.

Founder Energy is a wholly-owned subsidiary of Founder Group Ltd, in turn a 51%-owned subsidiary of Reservoir Link.

The group said the works commenced on March 18, 2024, while the commercial operation date of the works will be on March 31, 2025.

"The sub-contract is expected to contribute positively towards the earnings of the company and its subsidiaries for the financial year ending June 30, 2024, and throughout the contract period," it said in a statement.