Founder group secures conditional letter of award worth approximately us$68 million for a 100mw solar farm in malaysia

Kuala lumpur, malaysia, dec. 04, 2024 (globe newswire) -- founder group limited (nasdaq: fgl) (“founder group” or the “company”), is proud to announce that it has been awarded a conditional letter of award (loa), valued at approximately us$68 million (around rm299,260,000), for the development of a 100-megawatt solar farm in tanjung malim, malaysia. spanning 900 acres, the solar farm will serve as a critical energy source, providing 100mw of export capacity to power an advanced ai data center in enstek city, malaysia. founder group will act as the engineering, procurement, and construction (epc) partner for this transformative project.
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