KUALA LUMPUR (March 5): Sunview Group Bhd (KL:SUNVIEW)’s unit has secured a RM289.71 million fixed contract sum to carry out engineering, procurement, construction and commissioning (EPCC) work for a solar photovoltaic power plant in Bintulu, Sarawak.

In a bourse filing on Thursday, Sunview said its wholly owned subsidiary Fabulous Sunview Sdn Bhd had accepted a letter of award from Malakoff Evergreen Sdn Bhd (MEVSB) for the solar photovoltaic project.

Malakoff Evergreen is a 70%-owned subsidiary of Tuah Utama Sdn Bhd, which in turn is wholly owned by Malakoff Corp Bhd (KL:MALAKOF), and is involved in developing solar photovoltaic and other renewable energy projects in Sarawak.  

Sunview said the project is expected to contribute positively to the group’s future earnings over the contract term.

Earlier this month, Sunview Group proposed a diversification of its principal activities to include solar power generation, to reduce its reliance on the EPCC business, and provide more stable and recurring revenue.

The group plans to acquire two 50-megawatt large-scale solar plants, which is expected to lift its power generation segment’s contribution to more than 25% of group profit before tax in its financial year 2026.

Sunview’s share price was unchanged at 34.5 sen during Thursday’s noon market break, giving the group a market capitalisation of RM196 million.