Malakoff Corp Bhd, via its subsidiary Malakoff Silver Solar Sdn Bhd (MSSSB)—the developer behind the 470 MW large-scale solar (LSS) project under the LSS PETRA 5+ Programme—has provisionally appointed Atlantic Blue Sdn Bhd, a subsidiary of Solarvest Holdings Bhd, as the engineering, procurement, construction, and commissioning (EPCC) contractor.
Malakoff, in a statement, emphasized that the project, which is situated in Larut and Matang in Perak Darul Ridzuan, is one of the major milestones in the development of renewable energy (RE) of the group and a clear indication that the group is very keen on the development of clean energy in Malaysia.
“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.
“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 decarbonization efforts. We look forward to working closely with Solarvest to deliver this project safely, efficiently, and to the highest standards,” said Malakoff Group chief executive officer Syahrunizam Samsudin.
These were the records of the EPCC conditional letter of award (CLOA), which were passed between Shajaratuddur Mohd Ibrahim, the Head of Business Development of Malakoff, and Datuk Davis Chong Chun Shiong, the executive director and CEO of Solarvest, at the International Greentech and Eco Products Exhibition and Conference Malaysia (IGEM) 2025.
According to Chong, the cooperation demonstrates the mutual determination of the two parties in the transition to clean energy in Malaysia through innovation, technical excellence, and quality delivery in accordance with the National Energy Transition Roadmap (NETR).
“Malaysia aims to achieve a 70% renewable energy mix by 2050, which will require the annual build-up of renewable capacity to quadruple 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. We look forward to partnering with Malakoff to ensure successful execution and meaningful contribution to the country’s sustainability goals.”
Chong also noted that the project significantly boosts Solarvest’s order book, strengthening its growth momentum.
“We anticipate our order book to reach a new record high of approximately RM3 billion by the end of the financial year, driven by more LSS5 and LSS5+ EPCC wins and additional projects in Borneo. This reflects Solarvest’s solid project execution capability, trusted partnerships, and growing role in advancing Malaysia’s clean energy landscape,” he added.
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