BINASTRA HITS RM3 BILLION TARGET WITH LATEST RM327 MILLION CONTRACT WIN
Binastra Corporation Berhad (“Binastra”) has secured a RM327.7 million contract through its subsidiary, Binastra Builders Sdn. Bhd., surpassing its RM3.0 billion FY2025 target with RM3.1 billion in contracts secured year-to-date.
The project involves two 58-storey serviced apartment blocks in Kuala Lumpur, scheduled for completion within 42 months. With an order book of RM3.7 billion, Binastra is well-positioned for sustainable growth.
GEORGE KENT SECURES FIRST CONTRACT IN SARAWAK WORTH RM26.7 MILLION
George Kent (Malaysia) Berhad has secured its first Sarawak project, a RM26.7 million contract for the Sarawak Water Supply Grid Program. The project, awarded by JBALB Sarawak, aims to enhance water infrastructure along Bakun Road, benefiting local communities. The scope includes the installation of mechanical and electrical systems, with completion expected by June 2026. This milestone expands George Kent’s footprint in Malaysia and strengthens its role in regional infrastructure development.
Yinson Production and PTSC joint venture wins FSO contract with a subsidiary of Murphy Oil Corporation for the Lac Da Vang project in Vietnam
PTSC Asia Pacific (PTSC AP), a joint venture of Yinson Production (49%) and PTSC (51%), has secured a 10-year, USD 416 million contract for a new floating storage and offloading (FSO) vessel for the Lac Da Vang project offshore Vietnam. The FSO, featuring a 500,000-barrel capacity and dual-fuel systems, aligns with Yinson’s sustainability goals. Operations are expected to commence in late 2026, further strengthening Yinson and PTSC’s regional partnership.
PHARMANIAGA’S REGULARISATION PLAN APPROVED
Pharmaniaga Berhad has secured Bursa Malaysia’s approval for its Regularisation Plan (RP), a critical step in its financial recovery. The RP includes financial restructuring, operational optimisations, and initiatives like rights issuance and private placement to enhance shareholder value.
The approval follows Pharmaniaga’s strong Q3 FY2024 results, posting a RM101.3 million profit after tax, showcasing the success of its turnaround efforts. Managing Director Zulkifli Jafar stated, “This marks a pivotal moment as we execute our RP and accelerate our PN17 exit.”
GOING GREEN WITH PHARMANIAGA
Pharmaniaga Berhad has launched its Solar PV System Project in partnership with Cenergi SEA Berhad, expanding its renewable energy footprint across six facilities. This initiative, part of its “Going Green” programme, aims to reduce carbon emissions and energy costs, contributing to Malaysia’s Net Zero by 2050. The project is expected to deliver RM2.7 million in annual savings and cut 4,550 tons of CO2 emissions annually.
Leader Energy Signs Implementation Agreement for Cambodia’s 150 MW Wind Farm
Leader Energy has signed an agreement for a 150 MW wind farm in Cambodia, marking its first venture into wind energy. Set for completion in 2027, the project will diversify Cambodia’s energy mix and support its clean energy goals. This initiative reflects Leader Energy’s commitment to sustainability and achieving net-zero by 2030.
YINSON RENEWABLES SECURES USD 59 MILLION PROJECT FINANCING FOR MATARANI SOLAR PROJECT FROM IDB INVEST AND NATIXIS
Yinson Renewables secured USD 59 million green financing for Peru’s 97 MWp Matarani Solar Project, the country’s first non-subsidised solar plant financed under Green Loan Principles. Operational since September 2024, it generates 260 GWh annually, powering 62,000 homes. This milestone supports Peru’s renewable energy transition and highlights Yinson’s growing presence in Latin America.
BINASTRA WINS ANOTHER SEWAGE TREATMENT PLANT EPCC PROJECT WORTH RM67.6 MILLION
Binastra Corporation Berhad has secured a RM67.6 million contract for the redevelopment of a sewage treatment plant in Taman Bukit Cheras, Kuala Lumpur. This EPCC project will be completed within 36 months and marks the Group’s continued focus on ESG-related initiatives.
With RM2.8 billion in new contracts for FY2025, Binastra’s order book now stands at RM3.5 billion, reinforcing its position in the infrastructure and utilities sector.
Yinson GreenTech’s chargEV Collaborates with eLoaded to Revolutionise EV Charging Infrastructure Through Cutting-Edge DC Grid Technology
chargEV has partnered with eLoaded to integrate advanced DC grid technology into its charging network, enabling faster, more efficient, and sustainable EV charging.
The collaboration enhances chargEV’s fast-charging hubs, supporting large-scale charging up to 6.3MW while reducing energy losses by 30%. This aligns with Malaysia’s National Energy Transition Roadmap and its 2050 net-zero target
RESERVOIR LINK APPOINTED AS PANEL CONTRACTOR FOR PETRONAS
Reservoir Link Energy Bhd (“Reservoir Link”) announced that its subsidiary, Reservoir Link Sdn Bhd, has been appointed as a panel contractor by Petroliam Nasional Berhad (“PETRONAS”) for integrated well continuity services, covering intervention, workover, and abandonment for five years until 2029.
This milestone reflects Reservoir Link’s commitment to delivering high-quality, innovative solutions for the oil and gas industry, solidifying its role as a trusted partner to PETRONAS.
