PETALING JAYA: Gamuda Bhd
has secured two major engineering, procurement and construction (EPC) contracts in Australia worth a combined A$1.1bil (RM3.12bil) for the development of the Smoky Creek and Guthrie’s Gap Solar Power Stations, marking another expansion of the group’s renewable energy (RE) footprint in the country.
In a filing with Bursa Malaysia yesterday, the construction and infrastructure group said the contracts were awarded to its wholly owned Australian subsidiary, DT Infrastructure (DTI), by Smoky Creek Solar Power Station Pty Ltd and Guthrie’s Gap Solar Power Station Pty Ltd, respectively.
Gamuda said both projects involve the delivery of large-scale solar power stations and associated infrastructure in Australia, with notices to proceed received on May 19, 2026.
The group said the contracts are EPC agreements entered into between DTI and the project owners for the delivery of the Smoky Creek and Guthrie’s Gap Solar Power Stations, respectively.
Gamuda said DTI will deliver EPC services for the Smoky Creek and Guthrie’s Gap Solar Power Stations, including design, procurement, construction, testing and commissioning of the solar generation, battery energy storage systems and associated balance of plant infrastructure.
Each project carries a contract value of A$550mil, equivalent to approximately RM1.56bil based on an exchange rate of A$1 to RM2.84 as at May 19.
The projects are scheduled for completion over a period of two-and-a-half years.
Gamuda said the projects are expected to commence in mid-2026 and will contribute positively to the group’s earnings from the financial year ending July 31, 2026 onwards.
“The projects are expected to contribute positively to the revenue and earnings of the Gamuda Group for the financial year ending July 31, 2026 onwards, until the completion of the projects,” the group said.
In addition to construction works, DTI will also provide post-completion operational support for the RE assets.
The group said its subsidiary will also provide ongoing operations and maintenance services for both assets following completion, supporting long-term asset performance and reliability.
The latest awards further strengthen Gamuda’s presence in Australia’s RE and infrastructure sector, where the group has been expanding through DTI.
The projects also align with Australia’s broader clean energy ambitions and transition towards lower-carbon power generation.
Highlighting the environmental, social and governance aspects of the projects, Gamuda said the solar stations are expected to support Australia’s RE transition by increasing clean energy generation capacity and helping reduce carbon emissions.
The company further highlighted that the developments are anticipated to create economic opportunities in regional communities.
“The projects are expected to deliver economic benefits to regional communities through local employment, supplier engagement and broader economic activity during construction.
“Comprehensive environmental management measures will be implemented to protect surrounding land, biodiversity and water resources throughout delivery,” said Gamuda.
Despite the positive outlook, the group acknowledged that the projects are subject to risks commonly associated with large-scale solar developments in Australia.
These include regulatory changes, financial fluctuations, technical failures, environmental impacts, market competition, community opposition, supply chain disruptions, and weather events.
Gamuda said none of its directors, major shareholders or persons connected to them have any direct or indirect interest in the projects.
The company added that it would make further announcements to Bursa Malaysia should there be any material developments related to the contracts.
The contract wins Down Under were the latest on a purple patch of mega-projects the group has been on of late, hot on the heels of it having secured the Kaohsiung Metropolitan Mass Rapid Transit (MRT) Xiaogang-Linyuan Line Civil Works and Electromechanical Facilities project on May 8, which was valued at RM3.3bil.
The Kaohsiung MRT contract was awarded by the Taiwan Kaohsiung City Government Mass Rapid Transit Bureau, the city’s MRT authority, with Gamuda noting two weeks ago that the assignment had further solidified its prominent role in the rail transformation process of the Southern Taiwanese city.
More notably, at the end of April, Gamuda reported that its joint venture had secured a RM5.98bil contract for the first phase of the Ulu Padas water supply project in Sabah, a contract awarded by the Sabah State Water Department to Upper Padas Power Sdn Bhd (UPPSB), a wholly owned subsidiary of UPP Holdings Sdn Bhd.
Gamuda holds a 45% stake in UPP Holdings.
The first phase of the project involves the construction of a water treatment plant in Beaufort with a treatment capacity of 350 million litres per day. The scope also includes the installation of about 200km of pipelines along Sabah’s west coast, stretching from Sipitang to Kota Kinabalu.
According to Gamuda, construction is expected to commence this month and be completed within 42 months from the date of site possession. Treated water supply to end-users is targeted to begin by 2029.
Also earlier in April, Gamuda bagged its first contract for 2026, a RM1.72bil project to construct a hyperscale data centre in Port Dickson, through its subsidiary Gamuda Engineering Sdn Bhd.
The project, awarded by a US-based multinational technology company, involves the construction of a single-storey hyperscale data centre and includes site infrastructure works, core and shell building works, as well as mechanical, electrical and plumbing (MEP) fit-out.
Gamuda had noted that construction of the data centre is expected to commence in the second quarter of 2026 and is targeted for completion by the first quarter of 2028.
Including the latest Smoky Creek and Guthrie’s Gap Solar Power Stations projects, Gamuda told StarBiz its orderbook has increased to RM55.4bil.
For analysts, Gamuda’s contract wins in Australia have strengthened expectations for the group to sustain a strong orderbook, with RHB Research maintaining its “Buy” call on the constructor.
The research house said in note to clients yesterday that Gamuda’s year-to-date financial year 2026 (ending July 31) job wins have reached RM25bil.
“Baking in a burn rate of approximately RM10.4bil from May to December, the group needs to replenish another RM5bil to RM10bil worth of new jobs for the remainder of calendar year 2026 (CY26) to hit the RM50bil to RM55bil orderbook level by end-CY26,” it pointed out.
RHB Research added that Australia’s renewable energy sector is expected to remain active, supported by policies aimed at accelerating key energy infrastructure projects. It kept its target price for Gamuda unchanged at RM6.19, citing continued earnings visibility from the group’s construction and renewable energy exposure.
The latest job wins also cement Gamuda’s position as the largest solar and battery hybrid project constructor in Australia.
