TNB Engineering Corp a subsidiary of Tenaga Nasional has appointed Solarvest Holdings Berhad to install a large-scale solar photovoltaic (“LSSPV”) plant under the [email protected] for RM46.75 million.
The solar farm will be situated at Bukit Selambau, Kedah and the project involves the installation of about 136,890 pieces of solar PV panels which are capable of generating up to 50-megawatt (MWac) of green energy. It is scheduled to reach commercial operation date (“COD”) by first quarter of 2023.
Commenting on the contract, CEO Davis Chong Chun Shiong said, “The project with TNB is immensely important to us as we are joining hands with the national utility provider to drive the transition towards a low-carbon energy generation future. The LSS programme has been a key growth driver to the solar PV ecosystem in Malaysia with billions of ringgits invested to unlock green energy to the grid and welcomed numerous participations from other industries.
TNB has been actively involved in reducing carbon emission in its activities, and is hoping to meet the net zero carbon targets by 2050. This is a major haul for Solarvest getting the largest energy provider on board, the group’s tender activities has grown to approximately RM1 billion worth of solar projects in the country thus far.
“While the development of solar infrastructure is gaining traction, we expect the increase in demand for energy management and energy storage services to follow through. With this in mind, we are exploring opportunities in these segments to strengthen our operations and maintenance segments. We will continue to evolve beyond the EPCC function to entrench our footprint within the industry and fortify Solarvest’s position as the preferred clean energy partner,” he concluded.
The contract brings Solarvest’s total unbilled orderbook well over RM620 million as of October 2021.