Kuala Lumpur, 16 October – Malakoff Corporation Berhad (“Malakoff”), through its subsidiary, Malakoff Silver Solar Sdn. Bhd. (“MSSSB”) – the developer of the 470 MW project under the LSS PETRA 5+ Programme – has provisionally selected Atlantic Blue Sdn. Bhd., a subsidiary of Solarvest Holdings Berhad (“Solarvest” or “the Group”) and regional clean energy expert, as the Engineering, Procurement, Construction and Commissioning (“EPCC”) contractor for the project’s development in Larut and Matang, Perak Darul Ridzuan.
The exchange of the EPCC Conditional Letter of Award (“CLOA”) documents between Shajaratuddur Mohd Ibrahim, Malakoff’s Head of Business Development, and Dato’ Davis Chong Chun Shiong, Solarvest’s Executive Director and Group Chief Executive Officer, took place during the International Greentech & Eco Products Exhibition and Conference Malaysia (“IGEM”) 2025. The ceremony was witnessed by Ir. Ts. Amin Ramli, Board Member of Malaysian Green Technology and Climate Change Corporation (“MGTC”).
The solar farm represents one of the largest ground-mounted solar developments in Malaysia. Upon commissioning, it is expected to generate approximately 967,544 MWh of clean energy annually, offsetting around 748,879 tonnes of carbon dioxide emissions. This project will also strengthen national energy security and create high-value local employment opportunities within Malaysia’s growing clean energy sector.
According to Syahrunizam Samsudin, Malakoff’s Group Chief Executive Officer, this signing represents a significant advancement in the Group’s transition towards cleaner energy. He said, “This is a major milestone for Malakoff as we take a leading role in developing the country’s largest solar project under the LSS PETRA 5+ Programme. It reflects our ambition to reshape Malaysia’s energy landscape and speed up the shift towards cleaner, more secure power generation. This project forms a significant part of Malakoff’s total renewable energy portfolio of 768 MW and reflects our leadership in driving the country’s energy transition. As the project developer, we want to set a new benchmark for large-scale solar in Malaysia, while supporting national energy resilience and wider decarbonisation efforts. We look forward to working closely with Solarvest to deliver this project safely, efficiently and to the highest standards”.
Executive Director and Group Chief Executive Officer of Solarvest, Dato’ Davis Chong Chun Shiong (张俊雄), said, “We are honoured by Malakoff’s confidence in selecting Solarvest as the EPCC contractor for this landmark project. This collaboration reflects our shared commitment to advancing Malaysia’s clean energy transition through innovation, technical excellence and quality delivery in line with National Energy Transition Roadmap (“NETR”). Malaysia aims to achieve a 70% renewable energy mix by 2050 which will require the annual build-up of renewable capacity to fourfold to around 2.2 GW per year from 0.5 GW previously. This project is therefore crucial in driving momentum, strengthening energy security, and positioning Malaysia as a leading regional clean energy hub. We look forward to partnering with Malakoff to ensure successful execution and meaningful contribution to the country’s sustainability goals.”
This partnership highlights the strong synergy between Malaysia’s leading clean energy company and a prominent multinational in power generation and environmental solutions, working together to advance the nation’s renewable energy agenda. By combining Malakoff’s extensive experience in large-scale power generation with Solarvest’s proven expertise in renewable energy solutions, the collaboration strengthens local capacity for utility-scale developments. It also reflects Malaysia’s readiness to accelerate the transition toward a sustainable energy future, positioning both organisations as key enablers in the country’s low-carbon and net-zero ambitions.
This project adds significant momentum to our expanding orderbook, reinforcing the strength of our growth trajectory. We anticipate our orderbook to reach a new record high of approximately RM3.0 billion by the end of the financial year, driven by more LSS5 and LSS5+ EPCC wins and additional project in Borneo. This reflects Solarvest’s solid project execution capability, trusted partnerships, and growing role in advancing Malaysia’s clean energy landscape.