KUALA LUMPUR (Oct 3): Renewable energy solution provider G Capital Bhd (KL:GCAP) has been appointed as non-revenue water (NRW) specialist for the Perlis NRW reduction programme (Phase 1).

Its 51%-owned subsidiary G Capital Water Solutions Sdn Bhd (GCWS) received a letter of award from Senie Associates Sdn Bhd, the consulting engineer engaged by Pengurusan Aset Air Bhd (PAAB) to implement the programme. The contract is valued at RM300,000, according to the group’s filing with Bursa Malaysia.

The government-funded project, backed by a grant from the Ministry of Energy Transition and Water Transformation through the Department of Water Supply, is expected to be completed within three years beginning Oct 1, 2025. GCWS’ scope of work includes flow measurement tests, leakage detection and hydraulic modelling, pipe assessments and outflow measurements.

G Capital acquired a 51% stake in GCWS in February 2022, positioning the group as a public utilities solutions provider with a focus on addressing NRW issues. The water division contributed about 26% of group revenue of RM4.79 million for the six months ended June 30, 2025.

Beyond water solutions, G Capital is also involved in the transportation, small hydropower, solar power and energy efficiency segments.

Shares of G Capital, which have fallen 25% year to date, closed unchanged at 21 sen on Friday, giving the group a market capitalisation of RM68.86 million.