HSS inks MoU to bid for solar power plant

PETALING JAYA: HSS Engineers Bhd has entered into a memorandum of understanding (MoU) with Sapura Secured Technologies Sdn Bhd, Synergy Generated Sdn Bhd and Penor Renewable Energy Sdn Bhd to bid for a large scale solar photovoltaic power plant in Peninsular .

An unincorporated consortium under the name of SHS Consortium will be formed.

According to HSS’ filing with Bursa Malaysia, the sole purpose SHS Consortium is to submit a joint proposal in response to a request for proposal by Suruhanjaya Tenaga Malaysia to develop, finance, design, supply, install, operate and maintain a large scale solar photovoltaic power plant for Peninsular Malaysia.

In the event of a successful bid, the parties agree to incorporate a special purpose vehicle company to implement the project with HSS Engineers holding 28.5% equity.



Source: The Sun Daily





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