Latest news with #ESSunlogyBhd
Malaysian Reserve
21 hours ago
- Business
- Malaysian Reserve
ES Sunlogy partners Planet QEOS for 155MWp solar hybrid plant in Sarawak
ES Sunlogy Bhd has entered into a heads of agreement with Sarawak-based deep technology company, Planet QEOS Sdn Bhd, to develop a 155 megawatt-peak (MWp) solar hybrid power plant with a 310 megawatt-hour (MWh) battery energy storage system (BESS) in Baram, Sarawak. The partnership was formalised during the Public-Industry Engagement Day and launch of the Sarawak Energy Transition Policy, witnessed by Sarawak Premier Datuk Patinggi Tan Sri Abang Johari Tun Openg. The project is part of the Special Energy Zone (SEZ) in Baram, aimed at accelerating the state's shift towards clean energy and industrial growth. It forms part of Planet QEOS's agrovoltaic and renewable energy plan, which has in-principle state approval, to install up to 4,000MW alternating current of solar capacity on a 1,200-hectare site, integrating food and agriculture infrastructure under its patented Sustainable Animal Feed Economics (SAFE) model. The Baram initiative will also include a 180km transmission corridor repurposed from the former Sabah–Sarawak Gas Pipeline to channel renewable power to downstream industrial zones in Bintulu. ES Sunlogy will contribute its mechanical and electrical engineering expertise and set up a facility in Baram to serve as a regional hub for training, systems integration, and knowledge transfer. The company said the move is expected to create high-value jobs and strengthen local engineering capabilities. The project is part of Phase 1 of the Baram DeepTech Energy Programme, which targets 500MWac of firm renewable energy into the Sarawak Energy Bhd grid by 2027, powered by 1,850MWp of solar PV and 3,677MWh of battery storage. The programme is designed to be the world's largest single-site BESS-based solar system, with a 60% capacity factor. ES Sunlogy MD Khor Chuan Meng said the SEZ in Baram would be 'a catalyst for clean energy adoption, rural transformation, and local value creation'. 'With our renewable energy projects and core M&E expertise, we are committed to working closely with the state government to support capacity building and infrastructure development in Baram,' he said. ES Sunlogy has completed over 13 projects totalling more than 300MWp of solar capacity nationwide. The company said it will also deploy solar systems to power agricultural, logistics, and rural development zones in Baram, in line with environmental, social and governance principles. — TMR
The Star
25-06-2025
- Business
- The Star
ES Sunlogy's RE segment signals positive trajectory, says MD
KUALA LUMPUR: ES Sunlogy Bhd posted a net profit of RM2.48mil on revenue of RM75.61mil for its third financial quarter ended April 30, 2025, marking its full quarter post-initial public offering on the ACE Market of Bursa Malaysia. In a statement, ES Sunlogy said its revenue in the quarter under review was down 24.4% compared to the preceding quarter, attributed to lower contribution from the M&E segment due to the timing of project milestones and completion cycles. "This resulted in a quarter-on-quarter decrease in profit after tax. The moderation was expected and is part of the company's typical project execution flow," it said. The mechanical and electrical engineering services segment remained its core revenue driver, contributing RM67.6mil or 89.4% to the company's total revenue. The trading and sale of renewable energy segments contributed RM6mil and RM2mil respectively. "While the quarter saw a temporary moderation in revenue, it was anticipated as part of our project lifecycle. "More importantly, our strong unbilled order book and expanding footprint in the renewable energy space signal a promising trajectory ahead," said managing director Khor Chuan Meng. Over the three financial quarters, the company recorded a net profit of RM10.03mil on revenue of RM239.18mil. As at April 30, 2025, ES Sunlogy recorded total equity of RM107.1mil and an unbilled order book of RM214.1mil, providing earnings visibility in FY25 and FY26.
New Straits Times
25-06-2025
- Business
- New Straits Times
ES Sunlogy posts RM2.47mil net profit, RM75.6mil revenue in Q3
KUALA LUMPUR: ES Sunlogy Bhd posted a net profit of RM2.47 million on a revenue of RM75.6 million for the third quarter ended April 30, 2025. The mechanical and electrical (M&E) segment remained the company's core revenue driver, contributing RM67.6 million or 89.4 per cent to the total revenue. Both trading and sale of renewable energy segments contributed RM6 million and RM2 million respectively. For the first nine months of the financial year 2025 (9M FY25), ES Sunlogy's net profit stood at RM10 million on a revenue of RM239 million. In a statement, the company said its total equity stood at RM107 million, with an unbilled order book valued at RM214.1 million as of April 30, 2025. Listed on the ACE Market of Bursa Malaysia in February, the company said post-initial public offering (IPO) proceeds had been deployed prudently in line with the intended utilisation and expansion plans. ES Sunlogy managing director Khor Chuan Meng said the quarter experienced a temporary moderation in revenue, which was anticipated as part of the company's project lifecycle. "More importantly, our strong unbilled order book and expanding footprint in the renewable energy space signal a promising trajectory ahead. "We remain committed to delivering sustainable value to our stakeholders, backed by operational excellence and strategic growth in high-potential sectors," he added. The company remains optimistic about its prospects in both infrastructure and clean energy sectors. Backed by Class A and G7 contractor accreditations, ES Sunlogy said it is poised to secure and deliver large-scale M&E projects across the country. It is actively advancing its renewable energy initiatives, including its ownership in the Junjong large scale solar photovoltaic plant and joint venture in the Selarong plant.
