Quick take: Solarvest climbs 3.5% on RM87.5mil contract win

TheStar Fri, Jul 16, 2021 09:41am - 2 years View Original


KUALA LUMPUR: Solarvest Holdings Bhd climbed over 3.5% after securing a contract worth RM87.5mil for a large-scale solar photovoltaic (PV) plant in Kulim, Kedah.

The solar energy solutions provider rose 3.57%, or four sen to RM1.16. Solarvest-WA added 2.73%, or 1.5 sen to 56.5 sen.

Solarvest said its unit Atlantic Blue Sdn Bhd has been appointed the main engineering, procurement, construction and commissioning (EPCC) contractor for the 20.76MW plant and received the project from Energy ES Sdn Bhd (Energy ES).

Energy ES, the project owner, is principally involved in the development and operation of power generation from renewable energy, solar and others.

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