Founder Group Limited, a prominent engineering procurement construction and commissioning (EPCC) solutions provider for solar photovoltaic systems in Malaysia, is poised to capitalise on a significant $4.1b (RM17.4b) contract. This development is expected to drive growth in Malaysia’s renewable energy sector, data centre expansion, and national artificial intelligence (AI) ambitions.
The contract, which represents a 40% increase in EPCC value, is set to sustain sector activity until the end of 2028. Founder Group’s strategic alignment as a pure-play EPCC provider positions it to benefit from the anticipated bottoming of solar panel prices in 2025, which presents cost advantages for EPCC players.
The company recently signed a Memorandum of Understanding with GCL Systems Integration Technology Co., Ltd. to collaborate on renewable energy projects valued at up to $220m across Malaysia and other ASEAN countries. Additionally, Founder Group is exploring AI-powered solutions to enhance project management and operations.
Key market opportunities include the LSS Petra and LSS Petra 5 developments, with up to RM12b worth of 6GW installed capacity anticipated by the end of 2027. The Corporate Renewable Energy Supply Scheme (CRESS) is also expected to boost EPCC job flow, potentially adding RM5b in works.
Lee Seng Chi, CEO of Founder Group, stated, “The significant pipeline of projects combined with favourable market conditions creates substantial opportunities for us. We remain committed to advancing Malaysia’s renewable energy goals.”
Founder Group’s initiatives are crucial for providing sustainable power solutions, enabling data centre expansion, and supporting Malaysia’s AI advancements.
