Founder Energy Receives LoA From Atlantic Blue For Developing 50 MWac Solar PV Plant In Malaysia

Reservoir Link Energy Bhd, an energy-related services provider, announced that its 51% owned subsidiary Founder Energy Sdn Bhd, has received a letter of award from Atlantic Blue Sdn Bhd, a wholly-owned subsidiary of Solarvest Holding Berhad, for the engineering, procurement, construction and commissioning (EPCC) of an interconnection facility for a 50.0 MWac for development of the large-scale solar photovoltaic plant. The said project will be located at Bukit Selambau, Kedah with an expected contract value of RM16.6 million upon completion.

Under the scope of the contract, Reservoir Link will provide its expertise in designing, engineering, procurement, construction, supply, delivery, installation, testing, and commissioning of the interconnection facility for the large-scale solar photovoltaic plant.

On a separate note, Reservoir Link was appointed as a subcontractor for the procurement, construction, and commissioning of a large-scale solar photovoltaic plant in Perak in December 2022 with a contract value of RM3.8 million.

Reservoir Link Executive Director Thien Chiet Chai said, “Starting off the year strong, we are pleased to announce that we have secured our first contract for our solar renewables segment for the year by leveraging on our expertise in carrying out large-scale solar projects. We firmly believe that the market sentiment for solar renewables has not dwindled. In fact, we think that the adoption of solar renewables will be stronger than ever given that Malaysia is expected to achieve the 31% renewable energy goal in the national capacity mix by 2025 along with the decarbonisation of the electricity sector by 2035. Being well positioned, we think that 2023 will be a great year for Reservoir Link as we continue to build up our renewable energy order book.”