Founder Group Secures US$1.5 million EPCC Subcontract under Malaysia’s Corporate Green Power Programme for 29.99MWac Large-Scale Solar Facility in Kedah

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Postmedia has not reviewed the content. by GlobeNewswire Founder Group Secures US$1.5 million EPCC Subcontract under Malaysia's Corporate Green Power Programme for 29.99MWac Large-Scale Solar Facility in KedahAuthor of the article:KUALA LUMPUR, Malaysia, Aug. 20, 2026 (GLOBE NEWSWIRE) — Founder Energy Sdn Bhd, a subsidiary of Founder Group Limited (NASDAQ: FGL) (“Founder Group” or the “Company”), has been engaged as subcontractor under Malaysia’s Corporate Green Power Programme (CGPP) for the procurement, electrical and mechanical installation and commissioning of a 29.99MWac large-scale solar photovoltaic facility in Daerah Kuala Muda, Kedah. The engagement is valued at RM6.05 million (approximately US$1.5 million).THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLYSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.SUBSCRIBE TO UNLOCK MORE ARTICLESSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.REGISTER / SIGN IN TO UNLOCK MORE ARTICLESCreate an account or sign in to continue with your reading experience.Access articles from across Canada with one account.Share your thoughts and join the conversation in the comments.Enjoy additional articles per month.Get email updates from your favourite authors.THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one accountShare your thoughts and join the conversation in the commentsEnjoy additional articles per monthGet email updates from your favourite authorsSign In or Create an AccountCGPP is a national mechanism enabling corporates to directly procure renewable energy from large-scale solar developers via the grid, supporting corporate decarbonization commitments while adding grid-scale renewable capacity in Malaysia.Get the latest headlines, breaking news and columns.By signing up you consent to receive the above newsletter from Postmedia Network Inc.A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Top Stories will soon be in your inbox.We encountered an issue signing you up. Please try againMalaysia’s Renewable Energy Acceleration: CGPP and the New LSS6 ProgrammeMalaysia’s renewable energy (RE) sector is undergoing rapid structural growth, driven by national policy initiatives under the National Energy Transition Roadmap (NETR), which targets 70% RE capacity by 2050. Driven by new market mechanisms: including the Corporate Renewable Energy Supply Scheme (CRESS), the launch of Solar ATAP (Solar Accelerated Transition Action Programme).In July 2026, the Ministry of Energy Transition and Water Transformation (PETRA) launched the Large-Scale Solar (LSS6) frameworks which offers 2,500MW solar capacity which expected to attract investment ranging RM13 billion to RM15 billion (approximately US$3.2 billion to US$3.7 billion).For Founder Group, the combination of CGPP’s corporate offtake demand and LSS6’s expanded utility-scale pipeline represents a significant tender book and order book opportunity. As energy-intensive businesses seek to insulate themselves from tariff volatility under Regulatory Period 4 (RP4) and fluctuating Automatic Fuel Adjustments (AFA), and as national utility-scale capacity targets accelerate, the Company expects growing demand for EPCC across both the large-scale solar and commercial and industrial (C&I) segments, alongside continued growth in operations and maintenance (O&M) services for the industry nationwide.Expanding Service Capabilities: Full-Suite EPCC & AI-Powered O&MUnder the LOA, Founder Energy’s scope covers procurement, electrical and mechanical installation, and commissioning of the solar facility, excluding major equipment to be purchased directly by main contractor. Founder Energy’s responsibilities include obtaining and maintaining all approvals, licenses, clearances and permits required for construction and operation, and delivering, installing, testing and commissioning the system up to the interconnection point in accordance with Prudent Utility Practices and Tenaga Nasional Berhad (TNB) requirements.Beyond the turnkey EPCC execution, Founder Group also provides long-term asset lifecycle management. The Company integrate the Company’s proprietary AI-driven Operations & Maintenance (O&M) technologies. Featuring AI-driven diagnostics, predictive maintenance algorithms, and drone-assisted visual and thermal inspection technologies designed to identify anomalies and detect module defects with minimal manual intervention, supporting uptime and performance across solar assets.This advertisement has not loaded yet.This advertisement has not loaded yet, but your article continues below.“Being engaged as subcontractor for the electrical and mechanical installation and commissioning scope on a near-30MW facility reflects the trust that major industry players place in our execution capability,” said Lee Seng Chi, chief executive officer of Founder Group Limited. “Programmes like CGPP, and now the newly launched LSS6, are central to Malaysia’s renewable energy roadmap. Each subcontract award strengthens our track record and positions us to capture a larger share of the pipeline as the industry scales toward the nation’s 70% renewable energy target by 2050.”About Founder Group LimitedFounder Group Limited is a pure-play, end-to-end EPCC solutions provider for solar PV facilities in Malaysia. The company’s primary focus is on two key segments: large-scale solar projects and commercial and industrial (C&I) solar projects. The company’s mission is to provide customers with innovative solar installation services, promote eco-friendly resources and achieve carbon neutrality.For more information on the Company, please visit https://www.founderenergy.com.my/.This press release contains forward-looking statements that reflect our current expectations and views of future events. Known and unknown risks, uncertainties and other factors, including those listed under “Risk Factors” in the Company’s filings with the U.S. Securities and Exchange Commission, may cause our actual results, performance or achievements to be materially different from those expressed or implied by the forward-looking statements. You can identify some of these forward-looking statements by words or phrases such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “is/are likely to,” “potential,” “continue” or other similar expressions. We have based these forward-looking statements largely on our current expectations and projections about future events that we believe may affect our financial condition, results of operations, business strategy and financial needs. These forward-looking statements involve various risks and uncertainties. Except as required by law, we undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events. We qualify all of our forward-looking statements by these cautionary statements.For media queries, please contact:Notice for the Postmedia NetworkThis website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Read more about cookies here. By continuing to use our site, you agree to our Terms of Use and Privacy Policy.