Reservoir Link Energy Bhd, an energy-related services provider, announced that its 51% owned subsidiary Founder Energy Sdn Bhd, has received a letter of award from Atlantic Blue Sdn Bhd, a wholly-owned subsidiary of Solarvest Holdings Berhad valued at RM14.9 million for the engineering, construction and commissioning of a 10.95MW large scale solar photovoltaic (“PV”) plant to be located in Perak, Malaysia.
The scope of works of engineering, construction, and commissioning of the said plant shall be completed by 30 November 2022.
Reservoir Link Executive Director Thien Chiet Chai said, “I would like to take this opportunity to thank Atlantic Blue for their confidence in us and awarding this project. We look forward to delivering this project within the stipulated time as we have in the past for all our clients. Moving forward, we will continue to actively participate in tenders for the construction of such similar solar PV plants while securing opportunities to build and own solar farms which will generate a new stream of recurring income for us.
I am pleased we have taken important steps towards strengthening Reservoir Link’s position in the solar renewable energy segment. We believe these efforts will benefit us as we power forward as an energy company.”