Founder Group Secures RM19.5 Million EPC Contract for Malaysian solar project
In a significant development for Malaysia’s renewable energy landscape, Founder Group Limited has successfully secured a RM19.5 million (approximately US$5 million) Engineering, Procurement, Construction, and Commissioning (EPCC) contract. The agreement is for a 5.5 MW solar photovoltaic project, marking another step forward in the country’s clean energy transition.
The contract was awarded by a leading solar investment company and falls under Malaysia’s ambitious Large Scale Solar 5 (LSS5) programme. This initiative is a key component of the nation’s broader Peralihan Tenaga SuRiA (PETRA) programme, designed to accelerate the adoption of solar power.
Project Scope and Timeline for the Malaysian solar project
Under the terms of the contract, Founder Group will oversee the entire lifecycle of the solar facility’s development. The company’s responsibilities will include the comprehensive design, construction, rigorous testing, and final commissioning of the plant.
A key performance indicator for the project is its guaranteed output. The solar facility is expected to deliver a Maximum Annual Available Capacity (MAAQ) of 13,568.8 MWh during its first two years of operation. The project is slated to achieve commercial operation by May 1, 2027.
Bolstering Ambitions for Malaysia’s Solar with this Malaysian solar project
This project is part of the LSS5 programme, which stands as Malaysia’s largest solar tender to date. With a total targeted capacity of 2,000 MW, the LSS5 initiative more than doubles the allocations of previous LSS programmes, signaling strong governmental support and market confidence.
According to Lee Seng Chi of Founder Group, this contract win builds upon the company’s established track record of delivering utility-scale solar projects through earlier LSS cycles. The success reflects the positive momentum within Malaysia’s solar sector, which is underpinned by consistent policy implementation and a sustained drive towards renewable energy deployment. This latest contract underscores the growing confidence investors and developers have in the Malaysian market as it continues to expand its green energy portfolio.
