Malakoff Selects Solarvest Arm as EPC Contractor for 470 MW Solar Project in Malaysia
Malakoff Corporation Berhad has provisionally appointed Atlantic Blue Sdn. Bhd., a subsidiary of Solarvest Holdings Berhad, as the EPC contractor for its 470 MW large-scale solar project in Larut and Matang, Perak, under Malaysia’s LSS PETRA 5+ Programme.
October 21, 2025. By Mrinmoy Dey
The exchange of the EPCC Conditional Letter of Award (CLOA) documents between Shajaratuddur Mohd Ibrahim, Malakoff’s Head of Business Development, and Dato’ Davis Chong Chun Shiong, Solarvest’s Executive Director and Group Chief Executive Officer, took place during the International Greentech & Eco Products Exhibition and Conference Malaysia 2025.
The solar farm represents one of the largest ground-mounted solar developments in Malaysia. Upon commissioning, it is expected to generate approximately 967,544 MWh of clean energy annually, offsetting around 748,879 tonnes of carbon dioxide emissions. This project will also strengthen national energy security and create high-value local employment opportunities within Malaysia’s growing clean energy sector.
According to Syahrunizam Samsudin, Malakoff’s Group Chief Executive Officer, this signing represents a significant advancement in the Group’s transition towards cleaner energy. He said, “This is a major milestone for Malakoff as we take a leading role in developing the country’s largest solar project under the LSS PETRA 5+ Programme. It reflects our ambition to reshape Malaysia’s energy landscape and speed up the shift towards cleaner, more secure power generation.”
He further added, “This project forms a significant part of Malakoff’s total renewable energy portfolio of 768 MW and reflects our leadership in driving the country’s energy transition. As the project developer, we want to set a new benchmark for large-scale solar in Malaysia, while supporting national energy resilience and wider decarbonisation efforts.”
Executive Director and Group Chief Executive Officer of Solarvest, Dato’ Davis Chong Chun Shiong, said, “We are honoured by Malakoff’s confidence in selecting Solarvest as the EPCC contractor for this landmark project. This collaboration reflects our shared commitment to advancing Malaysia’s clean energy transition through innovation, technical excellence and quality delivery in line with National Energy Transition Roadmap (NETR). Malaysia aims to achieve a 70 percent renewable energy mix by 2050 which will require the annual build-up of renewable capacity to fourfold to around 2.2 GW per year from 0.5 GW previously. This project is therefore crucial in driving momentum, strengthening energy security, and positioning Malaysia as a leading regional clean energy hub.”
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