KUALA LUMPUR, Clean energy services provider Samaiden Group Bhd has announced that its wholly-owned subsidiary, Samaiden Sdn Bhd (SSB), has received a letter of award (LOA) worth RM290 million from Unique HEB Energy Sdn Bhd (UHESB) for a major renewable energy project in Hilir Perak.
Samaiden said SSB will undertake engineering, procurement, construction and commissioning works for the development of a 95 megawatt alternating current large-scale solar photovoltaic power plant.
According to Samaiden’s filing with Bursa Malaysia, the LOA covers the engineering, procurement, construction and commissioning (EPCC) works for a 95 megawatt alternating current (MWac) large-scale solar photovoltaic (LSSPV) power plant. The project falls under the LSS5 programme approved by the Energy Commission in December 2024, which aims to accelerate Malaysia’s transition to clean energy through large-scale solar adoption.
The company noted that work on the project will officially commence following the execution of the LOA. Both UHESB and SSB are expected to finalise a detailed EPCC contract within 60 days of the LOA acceptance, or on an alternative timeline mutually agreed upon by both parties.
Samaiden further highlighted that the contract award will not affect its share capital or shareholding structure. However, it is anticipated to strengthen the group’s earnings outlook and contribute positively to its financial performance over the duration of the project.
The deal marks another significant milestone for Samaiden, underscoring its position as a key player in Malaysia’s fast-growing renewable energy sector. With the RM290 million contract, the group is poised to expand its portfolio of large-scale solar projects, supporting both national sustainability goals and long-term value creation for its stakeholders.
