KUALA LUMPUR: Renewable-energy (RE) solutions provider Samaiden Group Bhd’s wholly owned subsidiary, Samaiden Sdn Bhd (SSB), has been shortlisted for the development of a 99.99-megawatt (MW) large scale solar photovoltaic (PV) plant in Pasir Mas, Kelantan.
Samaiden said SSB had been awarded a Letter of Notification by the Energy Commission on Dec 23, for the development of the plant.
“The notification formally acknowledged SSB as a shortlisted bidder for the project under the Large Scale Solar 5 programme.
“SSB was selected under Package 3 (30MW to 500MW category) based on its competitive bid and fulfilment of the Request for Proposal criteria, reinforcing Samaiden’s reputation for delivering large-scale RE solutions,” the group said in a statement today.
Samaiden said the project will be developed under a 21-year Solar Power Purchase Agreement with Tenaga Nasional Bhd
, ensuring a stable and long-term revenue stream for the company.
“The plant is scheduled to achieve commercial operations by Oct 11, 2027, marking the date when it will begin supplying electricity to the national power grid,” it said.
Samaiden group managing director Datuk Chow Pui Hee said that the development of the plant in Pasir Mas aligned with the company’s strategic plan to expand its asset portfolio.
“This project is a testament to Samaiden’s commitment to supporting Malaysia’s goal of achieving a 70% RE mix by 2050, and we are eager to bring this initiative to fruition while maintaining our dedication to environmental stewardship,” she said.
TA Research wrote in October that Samaiden Group Bhd was on track to double its revenue by financial year 2026 (FY26), backed by its strong order book of RM405mil and the possibility of winning new contracts.
The research house said the group was approaching a strong order book replenishment cycle, underpinned by an engineering, procurement, construction and commissioning award for the Corporate Green Power Programme and the fifth phase of the government’s Large-Scale Solar initiative.
Some 30MW of new renewable energy assets in the pipeline (net of Samaiden’s stake in the respective assets) is set to boost recurring income over the next three years, according to TA Research. — Bernama
