A consortium led by LBS Bina Group Berhad has awarded a RM104 million Engineering, Procurement, Construction, and Commissioning (EPCC) contract to Solarvest Holdings Berhad for the construction of a 43MWp solar farm project in Malaysia. The signing ceremony, attended by Deputy Prime Minister YAB Dato' Sri Haji Fadillah Bin Haji Yusof, took place during the International Greentech & Eco Products Exhibition and Conference Malaysia.
This solar farm, situated in Senawang, Negeri Sembilan, represents LBS Bina's strategic entry into the renewable energy sector under the Corporate Green Power Programme (CGPP). Upon completion, anticipated by the end of 2025, the facility is expected to generate approximately 53,000 MWh of clean energy annually, offsetting around 35,000 tonnes of carbon dioxide emissions. The site is also projected to contribute about 53,000 Renewable Energy Certificates (RECs) to the market, aiding corporate consumers in achieving their sustainability goals.
LBS Bina has emphasized its commitment to sustainability through this venture. The solar farm is owned by Suria Hijauan Sdn Bhd, a consortium comprising Setara Armada Sdn Bhd, MWG Solar Energy Sdn Bhd, and Ocean Solar Energy Sdn Bhd, with Setara Armada being a wholly-owned subsidiary of LBS.
Tan Sri Dato' Sri Ir Lim Hock San, Group Executive Chairman of LBS Bina, stated that the awarding of the EPCC contract to Solarvest marks a significant milestone for the company. He expressed confidence in Solarvest's capabilities, highlighting their reputation for delivering projects on time and within budget.
Davis Chong Chun Shiong, Executive Director and Group Chief Executive of Solarvest, noted the increasing awareness of ESG (Environmental, Social, and Governance) standards among corporations, emphasizing the importance of the CGPP in advancing renewable energy infrastructure. He expressed pride in Solarvest's ability to manage complex solar projects and highlighted their commitment to the successful construction of the solar farm.
As of September 2024, Solarvest's EPCC order book totals RM582 million, with the company actively pursuing additional EPCC opportunities under the CGPP, targeting an estimated project value of RM800 million for approximately 380 MWp in capacity.
