KUALA LUMPUR: Binastra Corp Bhd
’s wholly owned subsidiary Binastra Green Energy Sdn Bhd (BGE) has entered into a tripartite agreement in relation to a RM305mil contract involving infrastructure and renewable energy works.
In a filing with Bursa Malaysia, the group said BGE signed the agreement on Jan 15, 2026, with Bahru Stainless Sdn Bhd (BSSB) and Binastra Construction (M) Sdn Bhd (BCSB).
“Under the agreement, BCSB has succeeded BSSB as the client for the contract, with all terms and conditions remaining unchanged,” it added. It said the contract, awarded via a letter of award dated Oct 7, 2025, covers the design and build of infrastructure works, including site clearance, earthworks, and civil and structural works, as well as a 65 megawatt-peak solar photovoltaic system and a 200 megawatt-hour battery energy storage system.
Binastra said BCSB would assume the rights and obligations of the original client (BSSB) as the asset owner and financier for the contract. — Bernama
