Malakoff Corporation Berhad, through its subsidiary Malakoff Silver Solar Sdn. Bhd. (MSSSB), has provisionally selected Atlantic Blue Sdn. Bhd., a subsidiary of Solarvest Holdings Berhad, as the Engineering, Procurement, Construction and Commissioning (EPCC) contractor for the development of a 470 MW solar project under the LSS PETRA 5+ Programme. The large-scale project will be located in Larut and Matang, Perak Darul Ridzuan, and marks a significant milestone in Malaysia’s renewable energy journey.
The exchange of the EPCC Conditional Letter of Award (CLOA) documents took place during the International Greentech & Eco Products Exhibition and Conference Malaysia (IGEM) 2025. The documents were exchanged between Shajaratuddur Mohd Ibrahim, Head of Business Development at Malakoff, and Dato’ Davis Chong Chun Shiong, Executive Director and Group Chief Executive Officer of Solarvest. The ceremony was witnessed by Ir. Ts. Amin Ramli, a Board Member of the Malaysian Green Technology and Climate Change Corporation (MGTC).
The 470 MW solar farm will be one of the largest ground-mounted solar developments in Malaysia. Once operational, it is expected to generate around 967,544 MWh of clean energy annually, which will offset approximately 748,879 tonnes of carbon dioxide emissions each year. This project not only strengthens Malaysia’s energy security but also contributes to the creation of high-value employment opportunities in the country’s rapidly growing clean energy sector.
According to Syahrunizam Samsudin, Group Chief Executive Officer of Malakoff, the agreement marks an important step forward in the company’s transition towards cleaner and more sustainable energy solutions. He stated that this project is a major milestone for Malakoff as it assumes a leading role in developing the nation’s largest solar project under the LSS PETRA 5+ Programme. He further noted that the initiative aligns with Malakoff’s broader goal of reshaping Malaysia’s energy landscape and accelerating the shift toward cleaner and more reliable power generation.
The 470 MW project will form a crucial part of Malakoff’s renewable energy portfolio, which now totals 768 MW, underscoring the company’s leadership in driving the national energy transition. He also emphasized that Malakoff aims to set new standards for large-scale solar development in Malaysia while supporting the country’s decarbonization efforts and energy resilience.
Dato’ Davis Chong Chun Shiong, Executive Director and Group Chief Executive Officer of Solarvest, expressed his gratitude for Malakoff’s trust in selecting Solarvest as the EPCC contractor for this landmark project. He highlighted that the collaboration demonstrates both companies’ shared commitment to advancing Malaysia’s clean energy transition through innovation, technical expertise, and efficient project execution in line with the National Energy Transition Roadmap (NETR).
Davis noted that Malaysia’s target of achieving a 70 percent renewable energy mix by 2050 will require the annual addition of approximately 2.2 GW of renewable capacity, up from the current 0.5 GW per year. Therefore, the 470 MW solar project is expected to play a key role in achieving this target, strengthening the country’s energy security, and positioning Malaysia as a regional hub for clean energy development.
This collaboration represents the strong synergy between two major players in Malaysia’s energy sector—Malakoff, a leader in power generation and environmental solutions, and Solarvest, a regional expert in clean energy technologies. By combining Malakoff’s experience in large-scale power generation with Solarvest’s proven capabilities in renewable energy projects, the partnership will enhance local expertise in utility-scale solar development. It also reinforces Malaysia’s readiness to accelerate its transition towards a sustainable, low-carbon, and net-zero future.
Solarvest expects this project to further strengthen its order book, which is anticipated to reach approximately RM3.0 billion by the end of the financial year. This growth will be driven by new project wins under the LSS5 and LSS5+ programmes, as well as upcoming renewable energy projects in Borneo. The partnership with Malakoff reflects Solarvest’s growing role in shaping Malaysia’s clean energy landscape through reliable execution, strong partnerships, and long-term sustainability-driven growth.
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