Last updated on August 23, 2025
KUALA LUMPUR: BM GreenTech Bhd’s wholly-owned subsidiary, Plus Xnergy Services Sdn Bhd, has secured contracts worth RM95.01 million from Nefin V Power Sdn Bhd to develop a 29.99-megawatt alternating current (MWac) solar photovoltaic (PV) plant.
In a filing with Bursa Malaysia today, the biomass boiler manufacturer said the procurement agreement is valued at RM64.87 million, covering the supply of machinery, equipment, materials, and tools, including PV panels and mounting structures.
Meanwhile, the engineering and construction agreement is worth RM30.14 million for the design, engineering, as well as project and construction management of the solar farm.
BM GreenTech said the project is expected to boost the group’s net assets and earnings per share for the financial year ending March 31, 2026, and in subsequent years until completion, barring unforeseen circumstances.
