KUALA LUMPUR: Pekat Group Bhd’s unit Pekat Solar Sdn Bhd has accepted an RM18.1mil award for the design, supply, installation, testing and commissioning of solar photovoltaic systems at 16 sewerage treatment plants owned by Indah Water Konsortium Sdn Bhd.

The contract was extended by MFP Solar Sdn Bhd, which is a 55:45 joint venture between Mega First C&I Solar Sdn Bhd, a unit of Mega First Corp Bhd and Pekat Teknologi Sdn Bhd, a wholly-owned subsidiary of Pekat.

“The Board is of the opinion that the acceptance of the LOA and the subsequent execution of the EPCC Agreement for the Project is expected to contribute positively to the net assets and earnings per share of Pekat and its group of companies,” said Pekat in a filing with Bursa Malaysia.

At 12.30pm, shares in Pekat were last traded unchanged at 74 sen a share on the back of 193,400 units exchanging hands.dn Bhd.

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