Wawasan Dengkil Holdings Berhad has received shareholder approval for a joint venture to develop a 70 megawatt solar photovoltaic plant in Kedah, marking its strategic entry into the renewable energy sector. The joint venture, involving Wawasan Dengkil Sdn Bhd, Nestcon Infra Sdn Bhd, and WD Solar Kedah Sdn Bhd, will see the construction of the plant under the LSS Petra 5+ programme.
Wawasan Dengkil Sdn Bhd will hold a 70% stake in the joint venture, with Nestcon Infra Sdn Bhd holding the remaining 30%. The project, known as Project LSS5+, is expected to cost $39.6m (RM187m), with 85% financed through bank loans and the rest through equity and shareholder advances.
The diversification into renewable energy aligns with Malaysia’s growing emphasis on environmental, social, and governance (ESG) practices. Executive Director Lim Soon Yik stated, “The Proposed Diversification reflects the Group’s strategic progression beyond our core construction activities.”
The solar plant is set to begin construction in Q3 2026, with operations expected by 29 February 2028. It will operate under a 21-year Solar Power Purchase Agreement with Tenaga Nasional Berhad, providing long-term income through renewable electricity sales.
Wawasan Dengkil continues to maintain a robust construction pipeline, managing 13 ongoing projects with an unbilled order book of $73.8m (RM348.7m). The company also recently secured a $3.4m (RM16.1m) contract for flood mitigation works in Selangor.
Looking forward, the company is optimistic about its prospects, supported by a tender book of $339.4m (RM1.6b) and Malaysia’s National Energy Transition Roadmap, which aims for a 70% renewable energy share by 2050.
