Sunview Subsidiary Secures RM289.7 Million Solar PV Project in Sarawak from Malakoff Evergreen

Malaysia-based renewable energy developer Sunview Group Berhad has announced that its wholly owned subsidiary, Fabulous Sunview Sdn. Bhd., has accepted a Letter of Award (LOA) from Malakoff Evergreen Sdn. Bhd. for the development of a large-scale solar photovoltaic (PV) power plant in Sungai Likau, Bintulu, Sarawak.

According to the company, the project carries a fixed contract value of RM289.71 million, inclusive of applicable taxes excluding import duties, excise and sales tax. The contract covers the engineering, procurement, construction and commissioning (EPCC) of the solar PV facility.

The LOA was formally accepted on 4 March 2026, following Sunview’s submission of its final technical and commercial proposal under the tender process for the development of a large-scale solar photovoltaic power plant in Sarawak. While the contract sum is binding, the detailed terms of the project remain subject to the negotiation and execution of a definitive EPCC contract between the parties.

Under the terms outlined in the award, the EPCC contract is expected to be finalised and executed within four months from the date of LOA acceptance, unless an extension is granted by Malakoff Evergreen. The scope of the current award covers EPCC works only, despite the contractor’s earlier proposal including an operations and maintenance component.

Malakoff Evergreen Sdn. Bhd. is a 70%-owned subsidiary of Tuah Utama Sdn. Bhd., which is wholly owned by Malakoff Corporation Berhad. The company focuses on the development, investment and implementation of greenfield solar photovoltaic power plants and other renewable energy projects in Sarawak as part of Malaysia’s broader energy transition strategy.

Sunview noted that the project falls within the ordinary course of business for Fabulous Sunview and carries typical operational risks associated with renewable energy infrastructure development. Barring unforeseen circumstances, the company expects the project to contribute positively to the future earnings of the Sunview Group during its execution period.

The company further clarified that the project will not impact the group’s share capital or the shareholdings of its major shareholders, and that none of its directors or key stakeholders have any direct or indirect interest in the contract.

Sunview’s board stated that the acceptance of the LOA aligns with the company’s strategic business objectives and is in the best interest of the group, reinforcing its role in Malaysia’s expanding renewable energy sector