Gamuda Berhad’s Australian subsidiary, DT Infrastructure, has secured a major contract worth around RM600 million for the Jinbi Solar Project in Western Australia. The project is expected to strengthen the company’s financial performance and further expand its presence in the renewable energy sector. Analysts estimate that the contract could contribute nearly RM30 million in pre-tax profit during the construction phase, which will continue until 2028.
The Jinbi Solar Project is located in the Pilbara region and is being developed for the Yindjibarndi Energy Corporation (YEC). YEC is a partnership between the Yindjibarndi Aboriginal Corporation and ACEN Corporation. In the first phase, the project will involve the construction of a 75 MW solar power facility equipped with nearly 160,000 solar panels. There are also future plans to expand the solar farm’s capacity to 150 MW, along with the addition of battery energy storage systems.
With this latest project win, Gamuda’s total order book has reached a record RM52.2 billion. For the financial year 2026, the company has already secured RM21.8 billion worth of new contracts. Industry experts believe the project will provide stable earnings because it follows an Early Contractor Involvement (ECI) structure, which allows better cost visibility and lowers risks commonly linked with fixed-price contracts. The company is expected to maintain a profit margin of around 5 percent on the project.
The development is also important for Gamuda’s long-term growth strategy, as it strengthens the company’s position in Australia’s renewable energy market. Construction is expected to begin later this year, while the solar facility is scheduled to become operational by mid-2028. Electricity generated from the project will be supplied to Rio Tinto under a 30-year agreement to support its mining operations. Analysts believe Gamuda remains on track to achieve its RM55 billion order book target through further renewable energy and infrastructure opportunities in Australia and Malaysia.
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