Share
KUALA LUMPUR (July 5): Solarvest Holdings Bhd has secured a contract worth RM42.9 million to build a large scale solar photovoltaic plant in Perak’s Kerian district.
The engineering, procurement, construction and commissioning contract for the 10.95 megawatts plant was awarded by Solar Citra Sdn Bhd, an electric energy generation firm owned by MK Land Resources Sdn Bhd.
The project will start on July 8 and is expected to be completed on Dec 30 next year, Solarvest said in a bourse filing.
The group said the contract is expected to contribute positively to its net assets and earnings for the financial year ending March 31, 2022 (FY22) and onwards.
Solarvest’s share price closed unchanged at RM1.20 today, valuing the group at RM760.74 million. The counter saw 2.22 million shares traded.
Get the latest news @ www.EdgeProp.my
Subscribe to our Telegram channel for the latest stories and updates
TOP PICKS BY EDGEPROP
Tiara Mutiara 2
Jalan Klang Lama (Old Klang Road), Kuala Lumpur
Tropicana Aman 1
Telok Panglima Garang, Selangor
Taman Tun Dr Ismail (TTDI)
Taman Tun Dr Ismail, Kuala Lumpur
Pearl Villa Townhouse
Bandar Saujana Putra, Selangor
Bukit Jalil, 2.5 Storey house (end lot), Taman Jalil Sutera, Kuala Lumpur
Bukit Jalil, Kuala Lumpur
Happy Garden (Taman Gembira)
Kuchai Lama, Kuala Lumpur
Ion Belian Garden, Batang Kali
Batang Kali, Selangor
