Wednesday 21 Oct 2026
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KUALA LUMPUR (Aug 28): Samaiden Group Bhd (KL:SAMAIDEN) won a RM290 million contract from Unique HEB Energy Sdn Bhd to build a 95 megawatt (MW) solar power plant in Hilir Perak.

In a filing with the bourse, the company said the project was approved by the Energy Commission in December 2024 under the Large Scale Solar 5 (LSS5) programme. The contract consists of construction and supply agreements.

Unique HEB is a joint venture between Unique Fire Holdings Bhd (KL:UNIQUE) and HSS Engineers Bhd’s (KL:HSSEB) unit HEB Energy Sdn Bhd that won the bid to build and operate the 95MW capacity plant, under a 21-year solar power purchase agreement with Tenaga Nasional Bhd (KL:TENAGA). In a statement early this year, it said it was to start operating by Oct 11, 2027.

The LSS5 solar farm tender by the Energy Commission comprised four packages totalling 2,000MW. 

Samaiden’s share price was up 0.88% or one sen to RM1.15 at the time of writing on Thursday, giving the company a market capitalisation of RM517.87 million. Year to date, the stock is down 12.21%.

Edited ByPresenna Nambiar
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