PETALING JAYA: SC Estate Builder Bhd
, via its joint venture with Anjung Meriah Sdn Bhd, has been shortlisted by the Energy Commission to develop a 4MW large-scale solar photovoltaic project in Arau, Perlis.
In a filing with Bursa Malaysia, the company said the award aligned with its mission to build 2,000MW to 3,000MW solar power plants, as well as up to 3,000 units of affordable houses with solar power on the roofs.
The group said the project would not have any material effect on its consolidated net assets per share prior to commissioning.
“The project will be financed through a combination of debt and equity,” it said, adding that the project is not expected to have a material effect on its gearing position.
For its first quarter ended Oct 31, 2024, SC Estate Builder reported a net profit of RM305,000 on a revenue of RM2.6mil.
