Latest news with #LSSPV
New Straits Times
26-05-2025
- Business
- New Straits Times
Samaiden wins RM45mil solar EPCC contract in Kedah
KUALA LUMPUR: Samaiden Group Bhd has bagged a RM45 million contract to carry out engineering, procurement, construction and commissioning (EPCC) works for a large-scale solar photovoltaic (LSSPV) power plant in Kulim, Kedah. The contract was awarded to its subsidiary, Samaiden Sdn Bhd, by PAXS Renewables Sdn Bhd, the group said in a filing with Bursa Malaysia today. It said the scope includes the full design, engineering, procurement, construction, testing and commissioning of the 9.99 megawatt alternating current (MWac) facility. "The project, approved by the Energy Commission in December 2024 under the Large Scale Solar 5 (LSS5) programme, reflects Samaiden's growing presence in Malaysia's utility-scale solar segment," it said. Samaiden group managing director Datuk Chow Pui Hee said the win under LSS5 reinforces the group's position as a trusted solar EPCC partner. "It also reaffirms our commitment to supporting the government's renewable energy agenda while creating long-term value through consistent execution and sustainable earnings contributions," she said. The project will begin immediately from the May 19, 2025, letter of award date, with on-site works to commence following the issuance of a formal notice to proceed, pending fulfilment of all contractual conditions. The plant is expected to achieve commercial operation by July 12, 2027.
The Star
26-05-2025
- Business
- The Star
Samaiden unit bags RM100.75mil contract for Kelantan solar plant
KUALA LUMPUR: Samaiden Group Bhd's wholly-owned subsidiary Samaiden Sdn Bhd (SSB) has bagged RM100.75 million engineering, procurement, construction, and commissioning (EPCC) works of a 27.60 megawatt (MWac) large-scale solar photovoltaic (LSSPV) power plant located in Pasir Mas, Kelantan from GVU Fajar Timur Sdn Bhd. In a filing with Bursa Malaysia, Samaiden said the project is one of the LSSPV projects approved by Suruhanjaya Tenaga in December 2024 under its large-scale solar 5 (LSS5) programme. It said the project commenced today on the signing of the letter of award (LOA), with on-site works expected to begin once all contractual conditions precedent have been fulfilled and the notice to proceed issued by GVU. The facility is targeted to be commercially operational by July 24, 2027. In a separate statement, Samaiden group managing director Datuk Chow Pui Hee said the award reinforces the company's presence in Malaysia's solar infrastructure space and underscores its commitment to driving the nation's transition towards a low-carbon energy future. "This award demonstrates our ability to continually deliver high-impact renewable energy infrastructure while contributing to Malaysia's clean energy ambitions. "Our technical expertise, proven execution capabilities, and focus on sustainability continue to position us as a preferred EPCC partner in the region,' she said. The LOA is expected to contribute positively towards the future earnings of the group during the contract's duration, it added. - Bernama
New Straits Times
20-05-2025
- Business
- New Straits Times
Samaiden lands RM45mil solar project in Kulim
KUALA LUMPUR: Samaiden Group Bhd's unit, Samaiden Sdn Bhd (SSB), has secured a RM45 million contract from PAXS Renewables Sdn Bhd to carry out large-scale solar photovoltaic (LSSPV) works in Kulim, Kedah. In a filing with Bursa Malaysia, the group said the contract involves providing engineering, procurement, construction, and commissioning (EPCC) services for a 9.99 megawatt alternating current (MWac) LSSPV power plant. The scope of work includes the full design, engineering, procurement, construction, testing, and commissioning of the solar facility. "The project is one of the LSSPV projects approved by the Energy Commission in December 2024 pursuant to Large Scale Solar 5 (LSS5) programme," it added. Samaiden said the project will begin immediately following the contract signing on May 19, while on-site work will start once a formal notice to proceed is issued, contingent on the fulfilment of all required contractual conditions. "SSB shall complete all the works to achieve the commercial operation date which shall be on July 12, 2027," it said. Samaiden noted that the project is anticipated to have a positive impact on the group's future earnings over the course of the contract. Group managing director Datuk Ir Chow Pui Hee said the LSS5 contract award reinforces Samaiden's position as a reliable and established solar EPCC provider in Malaysia. "It reinforces our commitment to supporting the government's renewable energy agenda while building long-term value through consistent project execution and sustainable earnings contributions," she added. At midday, Samaiden's share price had climbed 1.82 per cent, gaining 2 sen to reach RM1.12 from its previous closing price of RM1.10, with a total of 149,200 shares changing hands.
New Straits Times
16-05-2025
- Business
- New Straits Times
Samaiden wins RM108.6mil solar contract in 'central region'
KUALA LUMPUR: Samaiden Group Bhd has bagged a RM108.6 million contract to develop a 29.99MWac large-scale solar photovoltaic (LSSPV) project in the central region of Peninsular Malaysia. Its unit Samaiden Sdn Bhd entered into the engineering, procurement, construction, and commissioning (EPCC) contract with an undisclosed client Company A due to a non-disclosure agreement. The client is involved in the operation of electric generation facilities. The project is expected to be completed by Jan 15, 2026. "Barring any unforeseen circumstances, the contract will not have any effect on the share capital and shareholdings structure. "The contract is expected to contribute positively towards the future earnings of Samaiden during the duration of the contract," it said in a filing with Bursa Malaysia.
The Star
16-05-2025
- Business
- The Star
Samaiden unit inks RM108.6mil EPCC contract for LSSPV project
KUALA LUMPUR: Samaiden Group Bhd's wholly-owned subsidiary Samaiden Sdn Bhd has entered into a RM108.6mil contract to undertake the engineering, procurement, construction and commissioning (EPCC) works in relation to the development of a large scale solar photovoltaic (LSSPV) located in the Central Region of Peninsular Malaysia. In a filing with Bursa Malaysia, Samaiden said the customer - which remained unnamed due to a non-disclosure agreement between the parties - is principally engaged in the operation of generation facilities that produce electric energy. Under the terms of the contract, Samaiden will undertake the design, engineering, procurement, construction, testing and commissioning of the solar power plant with the established capacity of 29.99MWac.
