KUALA LUMPUR: Malakoff Corp Bhd
, through its subsidiary Malakoff Silver Solar Sdn Bhd (MSSSB) — the developer of the 470MW large-scale solar project under the LSS PETRA 5+ Programme — has provisionally selected Atlantic Blue Sdn Bhd, a subsidiary of Solarvest Holdings Bhd, as the engineering, procurement, construction and commissioning (EPCC) contractor.
In a statement, Malakoff said the project in Larut and Matang, Perak Darul Ridzuan, represents a significant milestone in the group’s renewable energy expansion and underscores its commitment to advancing clean energy development in Malaysia.
“This is a major milestone for Malakoff as we take a leading role in developing the country’s largest solar project under the LSS PETRA 5+ Programme. It reflects our ambition to reshape Malaysia’s energy landscape and speed up the shift towards cleaner, more secure power generation.
“This project forms a significant part of Malakoff’s total renewable energy portfolio of 768 MW and reflects our leadership in driving the country’s energy transition. As the project developer, we want to set a new benchmark for large-scale solar in Malaysia, while supporting national energy resilience and wider decarbonisation efforts. We look forward to working closely with Solarvest to deliver this project safely, efficiently and to the highest standards,” Malakoff group chief executive officer Syahrunizam Samsudin said
The exchange of the EPCC conditional letter of award (CLOA) documents between Shajaratuddur Mohd Ibrahim, Malakoff’s Head of Business Development, and Datuk Davis Chong Chun Shiong, Solarvest’s executive director and CEO took place during the International Greentech & Eco Products Exhibition and Conference Malaysia (IGEM) 2025.
Meanwhile, Chong said the collaboration reflects the parties’ shared commitment to advancing Malaysia’s clean energy transition through innovation, technical excellence and quality delivery, in line with the National Energy Transition Roadmap (NETR).
“Malaysia aims to achieve a 70% renewable energy mix by 2050, which will require the annual build-up of renewable capacity to fourfold to around 2.2 GW per year from 0.5 GW previously. This project is therefore crucial in driving momentum, strengthening energy security, and positioning Malaysia as a leading regional clean energy hub.
“We look forward to partnering with Malakoff to ensure successful execution and meaningful contribution to the country’s sustainability goals.”
Chong noted that this project adds significant momentum to its orderbook, reinforcing the strength of its growth trajectory.
“We anticipate our orderbook to reach a new record high of approximately RM3bil by the end of the financial year, driven by more LSS5 and LSS5+ EPCC wins and additional project in Borneo. This reflects Solarvest’s solid project execution capability, trusted partnerships, and growing role in advancing Malaysia’s clean energy landscape,” he added.
