Samaiden secures RM115m biomass project

SAMAIDEN Group Bhd which is principally involved in engineering, procurement, construction and commissioning (EPCC) of solar photovoltaic (PV) systems and power plants, has secured a RM115.6 mil contract to undertake the EPCC of a biomass power plant.

The project, secured through the group’s wholly-owned subsidiary, Samaiden Sdn Bhd (SSB) from BTM Biomass Products Sdn Bhd, is in relation to the development of the 10 MWac (megawatt alternating current) biomass renewable energy (RE) power plant at Teluk Kalong, Terengganu.

Scheduled to commence on Jan 2 next year, the project is targeted for completion within 23 months from the said date.

SSB’s scope of work includes EPCC works, reliability test, remedy of defect during the defect liability period, and provision of all equipment in connection with the Project.

“We are delighted to receive this project as this is our first EPCC project involving biomass RE power plant,” Samaiden group managing director Chow Pui Hee pointed out.

“This project is a testament to Samaiden’s ability and experience to undertake EPCC project, not only within the solar PV power plants and rooftop systems, but also in the area of biomass plants.”

With the global shift in trend towards RE, Chow expects to secure more projects of such nature in the near future.

“For that to happen, Samaiden will continue to show and prove that we can execute our projects on a timely manner and within expectations,” added Chow.

At 4.52pm, Samaiden was down 31 sen or 20.67% to RM1.19 with 89.85 million shares traded (for the record, the company which was listed on Oct 15 has seen a spike in its share price from 48 sen to a high of RM1.67 earlier today). – Nov 23, 2020

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