Malaysia’s Samaiden Sdn Bhd (SSB), Samaiden Group Bhd’s wholly-owned unit, has bagged an order worth RM181.34 million from Uzma Bhd’s indirect associate company, Suria Infiniti Sdn Bhd, to build a solar power plant at Kuala Muda district in Kedah.
In a filing with Bursa Malaysia today, it said that, as per the deal, SSB would undertake the engineering, procurement, construction, and commissioning (EPCC) works for the 50 megawatts alternating current (MWac) large-scale solar (LSS) photovoltaic (PV) power plant, approved by the Energy Commission pursuant to the LSS4 programme.
“This will help to enhance our financial performance over the longer term as we clinch more jobs (in tandem with) the demand for RE among businesses and governments for a lower-cost energy source as well as to meet sustainability commitments,” said its group managing director Chow Pui Hee.
Further, Samaiden’s total outstanding order book which currently stands at RM388 million is expected to contribute positively to revenue and profit over the next three years, informed the firm.
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