KUALA LUMPUR (March 11): ES Sunlogy Bhd’s (KL:SUNLOGY) has been awarded a contract worth RM34 million to develop a 29.99 megawatt (MWac) large-scale solar photovoltaic (LSSPV) system under the Corporate Green Power Programme.
SaveLite Engineering Sdn Bhd, a subsidiary of the mechanical and electrical engineering services firm, accepted the letter of award dated Feb 28 from Atlantic Blue Sdn Bhd on March 8, a bourse filing showed on Tuesday.
The solar facility will be located at Lot 42, Padang China, Kulim, Kedah (also known as the Selarong LSSPV plant). The solar facility is scheduled to commence initial operations on May 29, with the scheduled commercial operation date set for June 30.
The RM34 million contract includes all costs such as labour, material, transport, delivery, handling, packaging, taxes, and related charges for the completion of the solar facility.
SaveLite will begin the execution of the contract upon receiving the letter of award, which will govern the obligations of both parties until the execution of an engineering, procurement, construction and commissioning (EPCC) subcontract.
The contract covers procurement, construction, and commissioning, including the supply, installation, testing, and commissioning of the Interconnection Facility and Tenaga Nasional Bhd (KL:TENAGA) Interconnection Facility, as well as the underground cable linking them.
ES Sunlogy specialises in a broad range of services, including high-tension and low-voltage electrical systems, extra-low-voltage systems, mechanical engineering for building services, and solar energy generation through large-scale renewable projects.
The company is currently engaged in 35 engineering projects, with a total contract value of RM421.59 million, of which RM267.4 million remains unbilled.
SaveLite is a Malaysia-based private company involved in electrical contracts, general trading, property dealings, and investments in stocks, shares and bonds.
Atlantic Blue is a private company in Malaysia involved in EPCC services for photovoltaic systems and investments in solar photovoltaic plants.
At the time of writing on Tuesday, shares of ES Sunlogy were down one sen or 3.9% at 24.5 sen, with a market capitalisation of RM171.5 million.
Source: The Edge Malaysia, March 11, 2025