STOCK SAHAM.CO

Sunview clinches RM120 mil EPCC contract for solar energy facility in Bestari Jaya

KUALA LUMPUR: Sunview Group Bhd has bagged a RM120 million engineering, procurement, construction and commissioning (EPCC) contract relating to a solar energy-generating facility located in Bestari Jaya, Selangor.

The group said its wholly-owned subsidiary Fabulous Sunview was awarded the contract by Nextenaga Sdn Bhd to undertake the EPCC job for the development of Nextenaga’s 29.99MWac Bukit Badong large scale solar photovoltaic project.

Nextenaga is a wholly-owned subsidiary of Nexuscorpgroup Sdn Bhd and is involved in the operation of generation facilities that produce electric energy.

In a bourse filing, Sunview said the 10-month contract is expected to be completed on Sept 20, 2023 and will contribute positively towards the group’s future earnings.

Sunview’s share price closed one and a half sen or 2.97% lower at 49 sen on Wednesday (Dec 7), bringing the group a market capitalisation of RM227.03 million.

Source : The Edge Markets

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