KUALA LUMPUR, July 11 — Samaiden Group Bhd’s wholly-owned unit, Samaiden Sdn Bhd (SSB), has secured a contract worth RM181.34 million from Uzma Bhd’s indirect associate company, Suria Infiniti Sdn Bhd, to develop a solar power plant at Kuala Muda, Kedah.

Under the contract, SSB would undertake the engineering, procurement, construction, and commissioning (EPCC) works for the 50 megawatts alternating current (MWac) large-scale solar (LSS) photovoltaic (PV) power plant, approved by the Energy Commission pursuant to the LSS4 programme, it said in a filing with Bursa Malaysia today.

The contract is expected to contribute positively towards the future earnings of Samaiden throughout the duration of the project, the renewable energy (RE) specialist said.

"We are steadily adding jobs to our EPCC business while at the same time continuing our strategy to diversify geographically around the region.

"This will help to enhance our financial performance over the longer term as we clinch more jobs (in tandem with) the demand for RE among businesses and governments for a lower-cost energy source as well as to meet sustainability commitments,” said its group managing director Chow Pui Hee.

Additionally, Samaiden’s total outstanding order book which currently stands at RM388 million is expected to contribute positively to revenue and profit over the next three years, it said. — Bernama