Latest news with #LargeScaleSolar5
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.
Malaysian Reserve
20-05-2025
- Business
- Malaysian Reserve
Samaiden secures RM45m EPCC contract for LSS5 solar project in Kedah
SAMAIDEN Group Bhd, via its wholly owned unit Samaiden Sdn Bhd, has clinched a RM45 million engineering, procurement, construction, and commissioning (EPCC) contract from PAXS Renewable Sdn Bhd for a 9.99MWac large-scale solar power plant in Kedah. In a Bursa Malaysia filing today, Samaiden said the project — approved under the Large Scale Solar 5 (LSS5) programme by the Energy Commission in December 2024 — officially commenced on Monday and is expected to achieve commercial operation by July 12, 2027. Group MD Datuk Chow Pui Hee said the win reaffirms Samaiden's standing as a trusted solar EPCC partner and highlights its ongoing support for Malaysia's renewable energy agenda. The group also reiterated its strategic focus on expanding its renewable energy portfolio and securing more clean energy opportunities across the country and the region. — TMR
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.
