The Group participates in the bidding for the development of the 4th cycle of Large Scale Solar projects (“LSS4”) in Malaysia. LSS4 offers a total of 1,000 MW solar capacity divided into two packages of 500 MW each. One package is for capacity between 10 MW and 30 MW, and the other package is for larger capacity of between 30 MW and 50 MW.
Results of the bidding exercise is expected to be announced in January 2021. If successful, the project which carries a term of 21 years, is expected to be commissioned in 2023.
The Group intends to expand its investments in C&I solar photovoltaic projects. Since teaming up with Pekat Teknologi Sdn Bhd in September 2019, the Group has successfully secured a few C&I projects. These investments are expected to contribute positively to Group earnings starting from 2021.