Heliosel awards Nestcon Solar for Selco Solar PV plant contract.

By Oliver Townsend Jun 21, 2024
Heliosel Awards RM21M Contract To Nestcon Solar For Selco Solar PV Plant.pngOrginal image from: https://solarquarter.com/2024/06/21/heliosel-awards-rm21m-contract-to-nestcon-solar-for-selco-solar-pv-plant/

Heliosel Sdn. Bhd. has recently awarded a significant contract worth RM21 million to Nestcon Solar Sdn. Bhd., a subsidiary of Nestcon Berhad, for the development of the Selco Solar Photovoltaic (PV) Plant in Sungai Selangor Phase 1 Water Treatment Plant – Package L5. This contract marks a pivotal moment in Nestcon Solar’s expansion in the renewable energy sector, showcasing their commitment to sustainable energy solutions in Malaysia. The project is set to commence immediately and is expected to be completed within seven months, with Nestcon Solar overseeing a defect liability period of twenty-four months post-commercial operation.

Nestcon Solar Secures Contract for Selco Solar PV Plant

The RM21 million contract awarded to Nestcon Solar covers the design, engineering, procurement, construction, installation, testing, and commissioning (EPCC) of the Selco Solar PV Plant. Nestcon Solar, based in Kuala Lumpur, specializes in solar system consultancy services, while Heliosel focuses on developing, owning, and operating green energy assets to drive net-zero aspirations through innovative solutions. The successful acceptance of the Letter of Award (LOA) by Nestcon Solar signifies a positive impact on Nestcon Berhad’s net assets per share, earnings per share, and gearing throughout the project’s duration.

Positive Impact of the Contract

By securing this contract, Nestcon Solar is reinforcing its dedication to sustainable energy solutions and contributing significantly to Malaysia’s green energy landscape. The company assures stakeholders that operational risks associated with the project have been identified and will be mitigated effectively. This strategic move not only enhances Nestcon Solar’s presence in the renewable energy sector but also aligns with the country’s goals of promoting clean and renewable energy sources.

Future of Renewable Energy in Malaysia

The collaboration between Heliosel and Nestcon Solar highlights the growing emphasis on renewable energy projects in Malaysia. As the nation strives to reduce its carbon footprint and transition towards cleaner energy sources, partnerships like these play a crucial role in advancing the renewable energy sector. With a focus on innovation, sustainability, and operational excellence, Nestcon Solar and Heliosel are poised to make a significant impact on the country’s energy landscape.

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