Founder Group Limited Secures Major Solar Contract Worth $3.8M
Founder Group Limited Secures a Significant Solar Contract
Founder Group Limited (FGL) has made a remarkable move in the renewable energy sector by securing a substantial contract to develop a solar photovoltaic (PV) system. This contract, worth approximately USD $3.8 million, involves the comprehensive development, design, installation, construction, and commissioning of a solar power system for a prominent educational institution in Malaysia. This project reflects the growing trend towards sustainable energy solutions and the increasing demand for innovative solar energy applications.
Key Project Details and Timeline
The new contract, awarded to Founder Energy Sdn Bhd, a subsidiary of Founder Group Limited, is expected to be completed within an ambitious timeframe of nine months. This timeline underscores the company's commitment to delivering timely and efficient renewable energy solutions. As part of the project, Founder Energy will leverage its expertise in engineering, procurement, construction, and commissioning (EPCC) to ensure the successful implementation of the solar PV system.
Comments from Leadership
Mr. Lee Seng Chi, the Chairman and CEO of Founder Group Limited, expressed enthusiasm about this contract, stating, "We are delighted to announce this significant project, which emphasizes the increasing demand for our tailored solar energy solutions. Our efforts align with Malaysia's National Energy Policy, focusing on boosting renewable energy capacity, a vision that currently aims to elevate renewable energy to 70% by 2050." Mr. Lee's statement reflects the company’s strategic positioning in a rapidly evolving energy landscape and its dedication to contributing to national energy goals.
Commitment to Sustainable Energy
This contract showcases the dedication of Founder Group Limited to enhancing solar infrastructure within Malaysia. In a world increasingly influenced by climate change, the company aims to support the nation’s shift towards sustainable energy sources. Their commitment extends beyond just this project, as they plan to announce further EPCC projects in solar PV, expanding their operational footprint within Southeast Asia.
About Founder Group Limited
Founder Group Limited stands out as a pure-play, end-to-end EPCC solutions provider focusing on solar PV facilities in Malaysia. Their core mission revolves around two main areas: large-scale solar projects and solutions for commercial and industrial clients. The company aims to foster innovation in solar installations and promote environmentally friendly practices, working diligently towards achieving carbon neutrality for their projects and operations.
Future Prospects
The government's strong commitment to renewable energy growth not only presents opportunities for Founder Group Limited but also for the broader industry. As they continue to develop and implement innovative solar solutions, they will play a significant role in shaping a sustainable and energy-efficient future for Malaysia and the region.
Contact Information
For further insights about Founder Group Limited and their projects, interested parties can reach out directly to their leadership team. Eric Lee, the Chief Executive Officer, can be contacted via phone at +03-3358 5638 or by email at ericlee@founderenergy.com.my.
Frequently Asked Questions
What is the value of the new solar contract secured by Founder Group Limited?
The solar contract is valued at approximately USD $3.8 million.
Who is leading the execution of the solar project?
The project is being executed by Founder Energy Sdn Bhd, a subsidiary of Founder Group Limited.
What is the expected completion timeframe for the solar project?
The project is expected to be completed within nine months.
How does this project align with Malaysia’s energy policies?
This project aligns with Malaysia's National Energy Policy, aiming to increase renewable energy capacity significantly by 2050.
How can I learn more about Founder Group Limited?
For more information, you can visit their official website at founderenergy.com.my.
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