Reservoir Link Secures Another 3 Solar Contracts worth RM18.1 Million

Kuala Lumpur, 19 June 2023 – Reservoir Link Energy Bhd (“Reservoir Link” or “Group”), an energy related services provider, announced that its 51% owned subsidiary, Founder Energy Sdn Bhd, has successfully secured 3 solar contracts since May 2023. The 3 contracts are valued at RM18.1 million.

Under the first contract, Reservoir Link will supply and deliver fixed tilt solar mounting structures for a large scale solar project and the second contract involves the supply of labour and materials which include plants and machineries. In addition, the Group has been appointed as a subcontractor for the engineering, procurement, construction and commissioning of a solar project. These 3 projects which located at Selangor and Perak have a combined output of 67.4 MWac upon completion.

Reservoir Link Executive Director Thien Chiet Chai said, “We are thrilled to announce that Reservoir Link has yet again secured additional solar contracts. This serves as a strong indicator for us towards what we can expect over the coming months. Given the momentum of the renewable space, we strongly believe that we are in the optimum position to further expedite our growth trajectory supported by the thriving demand of the solar renewable industry in Malaysia. Along with these latest achievements, it will help us further build up our pipelines for the future to ensure continuous earnings growth while contributing to a more sustainable future as we explore other alternative renewable solutions to better diversify ourselves.”