AZTI Systems Sdn Bhd, a wholly-owned subsidiary of RedPlanet Bhd, has secured a purchase order worth RM7.09 million for the implementation of a 15 MWac large-scale solar power project in Sabah, Malaysia. The contract marks another step in RedPlanet’s efforts to expand its presence in the renewable energy sector and diversify its business portfolio into sustainable energy solutions.
The project will involve the installation of a 15-megawatt alternating current (MWac) solar power system. According to the company, the contract will enable AZTI Systems to apply its engineering, information technology and systems integration capabilities to support the growing renewable energy market in Malaysia.
RedPlanet Managing Director Lian Wah Seng said the latest contract represents an important milestone for the company as it continues to explore opportunities in the renewable energy industry. He highlighted that the project provides an opportunity for the company to leverage its existing technical expertise and expand its involvement in the country’s clean energy development.
The company stated that its management team will work closely with the project awarder to ensure effective coordination and the successful execution of the agreed scope of work. The project is expected to be completed within six months, although the official commencement date will be mutually determined by the parties involved.
To support the implementation, RedPlanet plans to finance the procurement of essential components and hardware through a combination of proceeds from its initial public offering (IPO), internally generated funds and bank borrowings.
The required equipment is expected to include advanced inverters, cables and remote terminal equipment, which will form part of the project’s technical infrastructure. The company intends to ensure the timely procurement of these components to support the project schedule and delivery requirements.
RedPlanet expects the contract to contribute positively to its earnings per share and net assets per share during the project’s execution period. The financial contribution is expected to support the company’s broader business growth objectives while strengthening its operational capabilities.
The latest order reflects RedPlanet’s strategy to expand beyond its traditional enterprise information, communication and technology solutions business by pursuing opportunities in renewable energy infrastructure. Through its subsidiary, the company aims to strengthen its technical presence across Malaysia while participating in the country’s expanding solar power market.
