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A mere 42% of the first three versions of large scale solar projects have met operational deadlines. The situation is likely more dire with LSS4.

KUALA LUMPUR: Advancecon Holdings Bhd’s 51%-owned quarry operator, Spring Energy Resources Bhd has secured an agreement worth RM33.2mil to provide quarry operation and ancillary works at a site in Kinta, Perak.

KUALA LUMPUR: Shares in Advancecon Holdings Bhd climbed in early trade Friday after securing a RM16.97mil East Coast Rail Link (ECRL) project.

. Tan Chong Motor will undertake its LSS4 venture via a consortium comprising its two listed sister companies, APM Automotive Holdings Bhd . Except for Tan Chong Motor, Advancecon and MK Land, all shortlisted bidders won 50MW in LSS4 capacity each, which is the maximum capacity allowed for a single bidder. “Actual financial details of the individual LSS4 projects are still sketchy at this point, pending further disclosure by the respective companies. “As a ballpark figure, however, we estimate about RM11mil to RM13mil incremental annual Ebitda for the 50MW LSS4 assets, assuming a project ...

and KPower Bhd. Advancecon rose 5.13%, or two sen to 41 sen, Solarvest added 1.07%, or three sen, to RM2.84 and MK Land advanced 21.43%, or 4.5 sen to 25.5 sen. Tenaga added two sen to RM10.82, Uzma rose 8.5 sen to 84 sen and KPower gained five sen to RM2.270. Last Friday, the Energy Commission (EC) announced the list of 30 shortlisted bidders of the LSS4, totalling 823.06MW out of the offered 1,000MW. The EC shortlisted plant capacities in two packages, of which package P1 to generate 323.06MW (price range from RM0.1850/kWh to RM0.2481/kWh) and package P2 to generate 500MW (price range from...