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Founder Group secures contract valued at US$2.6 million to build roof-top solar generating facility in Malaysia

Mar 20, 2025

Contract Type

contract

SelangorEnergyRenewable EnergySolarRenewables & Environment

Description

Founder Group Limited has secured a construction contract worth RM11.6 million (approximately US$2.6 million) in Malaysia. The contract involves the design, engineering, procurement, supply, delivery, construction, and commissioning of a roof-top solar PV generating facility with a nominal capacity. The project is expected to be profitable with a double-digit profit margin.

Company Information

Company

Founder Group Limited

Location

Selangor, Malaysia

About

VES 1 Joint Stock Company is a subsidiary of VES Joint Stock Company, specializing in solar energy projects in Vietnam. VES 1 focuses on developing solar energy projects across the country and is actively involved in several solar rooftop projects, with a combined capacity of 5.6MWp. VES1 also has plans for significant expansion of solar projects with energy storage, aligning with Vietnam's strategic energy development plan.

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