PETALING JAYA: Coastal Contracts Bhd
’s wholly-owned subsidiaries, Coastal Solar Sdn Bhd (CSSB) and Pleasant Engineering Sdn Bhd, as well as Bina HT Sdn Bhd, have received a letter of notification on acceptance of offer from the Energy Commission Sabah for the development of a 15.00 megawatt alternating current, large-scale solar photovoltaic plant in Sabah.
In a filing with Bursa Malaysia, Coastal Contracts said the consortium’s proposal was approved by Majlis Tenaga Sabah, subject to terms and conditions outlined in the letter of notification.
“The final commercial operation date shall be no later than June 30, 2027 but not earlier than April 1, 2027.
“CSSB plans to finance the project through internally generated funds and bank borrowings,” it said.
