Solarvest consortium bags RM30m solar PV system contract from Go Energy

KUALA LUMPUR: Solarvest Holdings Bhd’s consortium has been awarded a RM30 million contract by Go Energy Sdn Bhd to provide engineering, procurement, construction and commissioning (EPCC) services for the development and operation of a solar photovoltaic (PV) system and the associated infrastructure.

The work will be carried out at the Universiti Teknologi Mara campuses in Penang, Negri Sembilan, Melaka, Terengganu, Pahang and Johor.

In a filing with Bursa Malaysia yesterday, Solarvest said the consortium comprised its whollyowned subsidiary Atlantic Blue Sdn Bhd (ABSB) and Global Facilities Management Sdn Bhd (GFMSB).

“ABSB is principally engaged in the provision of EPCC services for solar PV systems and investments in solar PV plants, while Go Energy is a green energy and green technology solutions services provider.

“The contract price, project costs and share of the proceeds to be derived by the consortium from the project would be apportioned to ABSB and GFMSB in the ratio of 90 and 10 per cent, respectively.”

The project was expected to contribute positively to Solarvest for the year ending March 31 next year, it added.