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Vsolar, Pasukhas in tie-up as they eye 'swathe of solar projects' in next 24 months

KUALA LUMPUR, July 12 -- Vsolar Engineering Sdn Bhd and Pasukhas Energy Sdn Bhd said they have signed a collaborative agreement to provide engineering, procurement, construction and commissioning (EPCC) services to the solar farm industry “to cater for the swathe of solar projects coming on stream in the next 24 months”.

The collaboration will see Vsolar and Pasukhas combine their resources to provide project management and execution services for any upcoming large scale solar (LSS) project that requires a turnkey operator to come on stream.

"Pasukhas Energy has a dedicated engineering and construction team, with a long track record of project management and construction of civil works, mini hydro plants and power plants. 

"Working in tandem with Vsolar's technology transfer expertise as well as its supply chain from competitive and innovative vendor solutions for solar-based deployments, the collaboration is confident in providing turnkey design, build and operating solutions to the various LSS awardees that are currently planning deployment in the immediate future," said both companies in a joint press release today.

Solar energy remains at an infancy stage in Malaysia despite the net energy metering scheme (NEM) launched in 2016 to increase the general public’s adoption of renewable energy.

With its adoption set to increase as the world becomes less dependent on fossil fuels, both Vsolar and Pasukhas are preparing to divert resources into actively procuring jobs that will come on stream, the statement said.

Vsolar said it will parlay its strength in its relationships with various technology providers and service providers to contribute cutting edge technology, efficient modular construction methodology, Internet of Things (IOT) metering for efficiency and weather forecasting for projection of consumption as well as ongoing digital management to reduce operating costs.

Vsolar is currently in discussions with various counterparties throughout the world to develop a bespoke IOT management system suitable for the Malaysian landscape and weather patterns.

The collaboration has already begun negotiations with several infrastructure and renewable energy-based funds to also provide a complete solution package, inclusive of capex funding.

The collaboration aims to be able to provide all the awardees of the LSS 4 tenders a holistic financing, design, build and operating platform.

Previously the government's LSS 4 tender process attracted 138 bidders, amounting to around RM4 billion, which shows the private sector’s strong interest in renewable energy.

-- BERNAMA

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