January 31 (Renewables Now) – KPower Engineering Sdn Bhd has secured a letter of award from Fabulous Sunview Sdn Bhd to acquire the gear and organise the logistics for the set up of a 50-MW photo voltaic farm in Malaysia.
The corporate will even be in control of gear testing and upkeep, alongside different duties, dad or mum firm, KPower Bhd (KLSE:KPOWER), stated on Friday. The contract worth is MRY 105 million (USD 25m/EUR 22m) and there will probably be no worth fluctuations.
A sub-contract settlement is to be signed within the present quarter.
The solar energy plant needs to be up and able to run by February 28, 2023. KPower Engineering will have the ability to begin work after Fabulous Sunview points a discover to proceed.
(MYR 1 = USD 0.239/EUR 0.214)
