SUBANG JAYA, 17 April 2023 – Salcon Berhad (“Salcon” or “the Company”) is pleased to announce that its wholly-owned subsidiary, Salcon Engineering Berhad, has accepted a Letter of Award (LoA) dated 14 April 2023 from AIS Small Hydro Sdn Bhd (“AIS Small Hydro”) for the Engineering, Procurement, Construction and Commissioning (“EPCC”) of a 10.44MW Small Hydro Powerplant at Sungai Selangor Dam valued at RM65 million. AIS Small Hydro is a Special Purpose Vehicle (“SPV”) company formed by Air Selangor Holdings Berhad (“AIS Holdings”) and Worldwide Holdings Berhad (“WHB”).
The scope of the project comprises the design, manufacture, factory testing, delivery to the site, erection, testing & commissioning, maintenance and training of AIS Small Hydro personnel. The contract is scheduled for completion by 3rd May 2025.
“We are excited to secure this small hydro plant project which will provide a reliable and sustainable source of renewable energy for the community. The award of the project reflects the strong confidence that AIS Small Hydro has in Salcon and we look forward to further expanding our portfolio of renewable energy projects in the near future.,” said Dato’ Eddy Leong, Executive Director of Salcon.
The Project is expected to contribute positively towards the earnings and net assets of Salcon Group for the financial years ending 31 December 2023 to 2025.