Sunview Group Bhd’s consortium, comprising its wholly-owned subsidiary Fabulous Sunview Sdn Bhd and Cypark Renewable Energy Sdn Bhd, has secured a RM1.96 billion contract from TNB Power Generation Sdn Bhd (TNB Genco) for a major renewable energy project.
The consortium, known as Consortium Cre-Sunview, received a letter of acceptance (LOA) for the engineering, procurement, construction, and commissioning of a 595-megawatt alternating current (MWac) floating solar photovoltaic plant, paired with a battery energy storage system at Kenyir Lake, Terengganu.
Within the unincorporated joint venture, Cypark Renewable Energy holds a 60% stake, while Fabulous Sunview owns 40%.
The project, including all applicable taxes, duties, fees, and sales and service tax (SST), is scheduled to start on 2 June 2026 and is targeted for completion by 29 September 2028.
Sunview said the contract is expected to contribute positively to the group’s future earnings, without affecting its share capital or the holdings of substantial shareholders.
TNB Genco, the contracting party, is a wholly owned subsidiary of Tenaga Nasional Bhd, and this project reinforces Malaysia’s commitment to renewable energy and sustainable power generation.
