P.A. Resources Berhad announced that its wholly owned subsidiary has been awarded an extension of supply agreement from First Solar, Inc, First Solar Malaysia Sdn, Bhd. and First Solar Vietnam Manufacturing Co. Ltd to supply goods for production of photovoltaic modules.
The total contract value for this Agreement valued up to RM1.08 billion which is equivalent to USD231.90 million approximately for the contract period from 2 January 2024 to 1 July 2025.
Group executive chairman Tan Sri Chan Kong Choy said, “We are delighted to announce the fourth (4 th ) extension from First Solar, with a contract value exceeding RM1 billion which is also the biggest contract in terms of value awarded to us to date. This underscores the trust that First Solar has in us, which is founded on our ability to manufacture products that adhere to their stringent standard.”
“Given that the demand for solar energy is escalating globally, therefore we are proud to be able to contribute to the shift towards green energy through First Solar. This contract will provide us with stable financial growth in the future and continue to expand our business,” he added.
