Ipmuda Bags EPC Contract For 100 MW Solar In Malaysia

Coara Solar & IB Vogt Contract Ipmuda Berhad Subsidiary As EPC Service Provider For 100 MW AC Solar Project In Marang, Malaysia
04:55 PM (Beijing Time) - 12. September 2020
Ipmuda Bags EPC Contract For 100 MW Solar In Malaysia

Coara Marang won the 100 MW AC project in LSS3. Now it has contracted Ipmuda Rensol as the EPC contractor for the project. Pictured is the skyline of Kuala Lumpur in Malaysia. (Photo Credit: www.goodfreephotos.com)

Key Takeaways

  • Ipmuda Rensol has signed a EPC contract for a 100 MW AC solar power plant in Malaysia
  • Coara Marang has contracted the company for the project to be located in Marang, Terengganu
  • Total EPC contract has a value of RM 78 million and is scheduled to come online on November 1, 2021

A wholly-owned subsidiary of Malaysian business conglomerate Ipmuda Berhad has bagged an EPC contract for 100 MW AC solar power capacity in the country for a contract price of RM 78 million ($19 million). Ipmuda Rensol Sdn Bhd, a construction company, has been selected by project developer Coara Marang Sdn Bhd.

The contract is for design, supply, procurement, erection and commissioning of the project to be located in Marang region of Terengganu. Construction is to begin on November 15, 2020 and commercial operations are scheduled to begin from November 1, 2021.

Local media described Coara Marang as a special purpose vehicle owned by local solar power company Coara Solar Sdn Bhd and Germany’s ib vogt GmbH that won the 100 MW AC project in the large scale solar (LSS) round 3 competitive bidding round concluded by the country’s Energy Commission last year (see RM 0.178/kWh Lowest Bid For Malaysian Solar Tender).

In June 2020, state owned electricity company Tenaga Nasional Berhad (TNB) entered into a 21-year power purchase agreement (PPA) with the 100 MW AC project owners.

 

Anu Bhambhani

Anu Bhambhani is the Senior News Editor of TaiyangNews

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