KUALA LUMPUR (Sept 1): Pekat Group Bhd has secured a contract worth RM18.1 million to build solar photovoltaic power plants at 16 sewerage treatment plants owned by Indah Water Konsortium Sdn Bhd.

In a bourse filing today, the firm said its unit Pekat Solar Sdn Bhd (PSSB) had accepted the letter of award by MFP Solar Sdn Bhd for the project.

MFP Solar is a 55:45 joint venture between Mega First C&I Solar Sdn Bhd, a unit of Mega First Corporation Bhd, and Pekat's unit Pekat Teknologi Sdn Bhd.

It said PSSB will be appointed by MFP Solar as the main engineering, procurement, construction and commissioning (EPCC) contractor for the project.

The project, which is slated to commence this month, is expected to be completed in March 2022.

Pekat executive director Wee Chek Aik said with the latest contract, the group has established another iconic project reference towards its foothold on commercial and industrial rooftop installations.

“Our portfolio continues to expand with this award, which demonstrates continued progress in our business strategy to grow our customer segments.

“This represents another important milestone for Pekat as we focus on continued growth in-country and delivering EPCC projects whilst working with local companies,” he said.

He said the EPCC contract is expected to contribute positively to Pekat’s earnings for the financial year ending Dec 31, 2021 and onwards.

Pekat closed flat at 74 sen with 193,400 shares done at the midday break today.