Pekat secures contract worth RM18.1m to build solar PV system for IWK

by TMR / pic by TMR FILE

PEKAT Group Bhd has secured a contract worth RM18.1 million to build a solar PV system for Indah Water Konsortium Sdn Bhd’s (IWK) sewerage treatment plants throughout Malaysia.

The Solar Photovoltaic (PV) and Earthing and Lightning Protection (ELP) specialist in a statement today said that the engineering, procurement, construction and commissioning (EPCC) contract was awarded to the Company’s wholly-owned subsidiary Pekat Solar Sdn Bhd by MFP Solar Sdn Bhd.

MFP Solar is a 55:45 joint venture jointly-owned between Mega First C&I Solar Sdn Bhd, a unit of Mega First Corporation Berhad and Pekat Teknologi Sdn Bhd, a wholly-owned subsidiary of Pekat to undertake solar projects in Malaysia.

Under the contract, PSSB will be responsible for the design, supply, installation, testing and commissioning of solar system that estimate to generate about 8 GWh per annum energy at 16 IWK sewerage treatment plants  where the system consists of rooftop and ground mount solar installation in Selangor, Kuala Lumpur, Putrajaya and Penang

Scheduled to commence in September 2021, the project is expected to be completed in March 2022. With that capacity, IWK will reduce approximately 6,000 ton carbon footprint.

“Our portfolio continues to expand with this award, which demonstrates continued progress in our business strategy to grow our customer segments.

“This represents another important milestone for Pekat as we focus on continued growth in-country and delivering EPCC projects whilst working with local companies,” Executive Director of Pekat Wee Chek Aik.

Commenting on the solar PV industry outlook, Wee said the Company has seen an uptrend in demand for solar energy from the residential, industrial and commercial sectors in line with the government policies and initiatives. 

“The project falls under the Self-consumption Scheme, which provides an opportunity for IWK to hedge against any future electricity hike and reduce electricity bill.

“Through the programme, end-users in the industrial and commercial sectors have seen significant savings, and this will continue to drive up the trend for solar energy, he further added.

The EPCC contract is expected to contribute positively to Pekat’s earnings for the financial year ending 31 December 2021 and onwards.