KUALA LUMPUR: Solarvest Holdings Bhd has secured three engineering, procurement, construction, and commissioning (EPCC) contracts to develop large-scale solar photovoltaic (LSSPV) plants under the large-scale solar 4 (LSS4) scheme for RM154.4 million.
In a statement today, the clean energy specialist said the three projects would be in Kampar and Kinta in Perak.
Solarvest said the 15 megawatt (MW) Kampar plant and 15MW Kinta plantwere expected to reach commercial operations by end-2022.
The 10 MW Kampar plant is expected to be commercially operational by mid-2023.
Solarvest executive director and group chief executive officer Davis Chong Chun Shiong said with the new contracts, the company's unbilled order book stood at yet another all-time high of RM742 million.
"Majority of these projects will be recognised by end of calendar year 2024, providing encouraging earnings visibility for the group," he said.
Chong said under the company's recently-unveiled five-year strategic roadmap, one of the key growth pillars was to maintain its market leader standing as a clean energy solutions provider in the EPCC space.
"With the request for proposal of LSS5 set to begin this quarter, our attention is now focused on developing a strong pipeline under the new scheme.
"In addition to that, we also see LSS5 as a good opportunity to build up our renewable energy asset portfolio as we work towards our goal of 30 per cent recurring income, which is in line with the second pillar of growth under our five-year plan," he added.