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Friday, 30 October 2026

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BM GreenTech wins RM95mil solar PV plant contracts

By Abigail Cheong1 min read

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.

Author

  • Abigail Cheong

    I am Abigail, a journalist at The Ledger Asia, covering business and finance with a focus on the Malaysian Stock Market and key economic developments across Asia. Known for clear, accessible reporting, I deliver insights that help readers understand market trends, corporate movements, and regional news shaping the Asian economy.