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(Kuala Lumpur, 8th) Excellent Firefighting Holdings $UNIQUE (0257.MY)$ and HSS Engineering $HSSEB (0185.MY)$ jointly formed a consortium, receiving a 95-megawatt (MW) large-scale solar energy (LSS) power generation project issued by the Malaysian Energy Commission.
According to today's press release, the related LSS project is located in the lower Perak area of ​​Perak, and the above-mentioned consortium will establish a special purpose company to advance this LSS project.
YouLi Fire Control Holdings will hold 60% of the equity of the special purpose company, with the remaining 40% held by HSS Engineering.
In addition, both parties will sign a 21-year solar power purchase agreement with the National Energy Corporation. $TENAGA (5347.MY)$ The above CECEP Solar Energy project is part of the CECEP Solar Energy Phase 5 (CECEP Solar Energy 5), with construction expected to be completed before the scheduled commercial operation date on October 11, 2027.
Both cooperating parties will finance the above CECEP Solar Energy project through internal funds and loans.
The above CECEP Solar Energy project is part of the CECEP Solar Energy Phase 5 (CECEP Solar Energy 5), with construction expected to be completed before the scheduled commercial operation date on October 11, 2027.
Director and General Manager Liu Chenghui of Ulite Fire Holdings pointed out in a statement that the company's cooperation with HSS Engineering has won the LSS power plant project, which will expand the business portfolio and create sustainable income, thereby enhancing the future revenue generation capability.
Source: Nanyang Siang Pau
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