SLVEST (0215): SOLARVEST HOLDINGS BERHAD secures RM87.5 mil EPCC contract from Energy ES
KUALA LUMPUR (Dec 23): Solarvest Holdings Bhd’s wholly-owned subsidiary, Atlantic Blue Sdn Bhd (ABSB), has secured an engineering, procurement, construction and commissioning (EPCC) contract from Energy ES Sdn Bhd.
In a filing with Bursa Malaysia on Thursday, Solarvest said the contract entails the appointment of ABSB as the EPCC contractor to develop a solar photovoltaic energy generating facility with a capacity of 20.76-megawatt (MW) on sites located in Kulim, Kedah for connection to Tenaga Nasional Bhd’s medium voltage distribution network.
“The contract price of the project is a fixed lump sum of RM87.5 million and is made payable to ABSB in accordance with the payment schedule based on the completed milestone of the project as indicated in the EPCC contract.
“The scheduled commercial operation date (SCOD) of the project is Dec 31, 2022, and it shall be confirmed by ABSB via the issuance of a notice of commercial operation,” said Solarvest.
The project is deemed completed when the project achieves the stage of commercial operation in accordance with the EPCC contract, whereby all the performance tests in respect of the system have been satisfactorily performed and passed and the system is operating legally, safely, reliably and efficiently.
The EPCC contract is expected to contribute positively to the net assets and earnings per share of Solarvest and its group of companies for the financial year ending March 31, 2022 and onwards until the completion of the project.
http://www.theedgemarkets.com/article/solarvest-secures-rm875-mil-epcc-contract-energy-es
Singapore Investment
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
SingTel – Healthy core business1 day ago
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Finance Investment Movement 453 days ago
-
-
-
-
-
-
-
-
Quick Update5 days ago
-
Would you rather…5 days ago
-
-
-
-
Market Weekly Outlook6 days ago
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Post-BTO Sales Liquidity1 week ago
-
-
Monthly IBKR Update – Apr 20241 week ago
-
-
-
-
-
-
-
China’s going downhill?2 weeks ago
-
-
No new investment for retirees2 weeks ago
-
-
The Story Behind Maybank2 weeks ago
-
Mar 2024 Portfolio2 weeks ago
-
-
-
Portfolio Summary for April 20242 weeks ago
-
Portfolio (April 30, 2024)2 weeks ago
-
Summary of April 20242 weeks ago
-
Portfolio -- Apr 20242 weeks ago
-
-
-
-
-
That Restless Night…3 weeks ago
-
-
-
-
-
-
-
-
-
-
-
-
-
-
2024 (Portfolio Update)1 month ago
-
-
1Q 2024 Investment Strategy Update1 month ago
-
-
-
Burnt out!1 month ago
-
-
Feb 2024 Expenditure1 month ago
-
-
New Bitcoin All Time High Before Halving2 months ago
-
-
-
-
-
-
The Market Is A Scam!2 months ago
-
-
-
-
-
Options Trading Journal Jan 20243 months ago
-
-
-
-
-
End of 2023 Review4 months ago
-
-
Year 2023 DIYQuant Portfolio Performance Report4 months ago
-
Monthly Summary of November 20235 months ago
-
3 Simple Poker Strategies for Beginners5 months ago
-
Migration of website5 months ago
-
-
-
-
-
-
-
-
-
August 2023 Portfolio Updates8 months ago
-
-
-
-
Hello SP Group, I'm Back!10 months ago
-
-
-
-
A New Light1 year ago
-
-
-
-
-
-
-
Demoralized1 year ago
-
2022 Thoughts, Hello 2023!1 year ago
-
Series of Defaults for Maple Finance1 year ago
-
Takeaways from “Sea Change”1 year ago
-
-
Greed is Coming Back1 year ago
-
-
-
-
-
-
-
-
-
-
-
What is Overemployment1 year ago
-
-
-
-
-
-
-
-
-
-
-
Home
SLVEST
SLVEST (0215): SOLARVEST HOLDINGS BERHAD secures RM87.5 mil EPCC contract from Energy ES