Wawasan Dengkil Holdings Berhad has announced a significant move into renewable energy through a joint venture to develop a 70 megawatt solar photovoltaic plant in Kedah, Malaysia. The project, under the LSS Petra 5+ programme, involves Wawasan Dengkil’s subsidiary, Wawasan Dengkil Sdn Bhd, partnering with Nestcon Infra Sdn Bhd and WD Solar Kedah Sdn Bhd.
The joint venture, facilitated by the incorporation of WD Solar Kedah, will see Wawasan Dengkil holding a 70% stake, with Nestcon holding the remaining 30%. The project will operate under a 21-year Power Purchase Agreement with Tenaga Nasional Berhad, ensuring a steady revenue stream from renewable electricity sales.
Wawasan Dengkil’s Executive Director, Lim Soon Yik, highlighted the strategic shift from construction to renewable energy investment. “The Proposed Diversification allows us to evolve from a construction-focused contractor into a renewable energy asset investor and operator,” he stated. This move aligns with Malaysia’s National Energy Transition Roadmap, which aims for a 70% renewable energy share by 2050.
The joint venture is expected to be operational by the fourth quarter of 2025, pending necessary approvals. The diversification into renewable energy will commence immediately following shareholder approval at the upcoming extraordinary general meeting.
