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Founder Group Limited Secures USD$3.8 million Contract to Develop Solar Power System for Malaysian Higher Education Institution

Nov 01, 2024•almost 2 years ago

Contract Type

contract

SelangorEnergyRenewable EnergySolarRenewables & Environment

Description

Founder Group Limited has announced that its subsidiary, Founder Energy Sdn Bhd, has secured a contract to develop a solar power system for a Malaysian higher education institution. The project, valued at approximately USD$3.8 million, encompasses the full development, design, installation, construction, and commissioning of an on-site solar PV system for the institution's electricity generation and consumption. The company aims to contribute to Malaysia's National Energy Policy and anticipates expanding its operations in Southeast Asia.

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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