Reservoir Link sub-unit bags RM22mil job


PETALING JAYA: 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, which in turn is a 51%-owned subsidiary of Reservoir Link.

The group said the works commenced on March 18, 2024, while the commercial operation date 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.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Business News

FBM KLCI ends at 3-year high
Gold hits record peak as rate-cut bets burnish appeal, silver jumps
KAB to expand its energy solutions and customer base
Oil climbs after Iran's president dies, Saudi flags issue with king's health
Bursa Malaysia introduces trading reminders in addition to UMA queries
Risk in data centre gold rush
Malaysia's air passenger traffic up 19.5% to 7.9 mln in April 2024
Metals, stocks surge as rate cut expectations firm
Red Lobster seeks bankruptcy protection with $100 mln in financing commitments
Investment banks upbeat on Malaysia's GDP outlook, ticks geopolitical risk as downside

Others Also Read