{"id":996948,"date":"2026-08-20T08:34:31","date_gmt":"2026-08-20T12:34:31","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/founder-group-secures-us1-5-million-epcc-subcontract-under-malaysias-corporate-green-power-programme-for-29-99mwac-large-scale-solar-facility-in-kedah\/"},"modified":"2026-08-20T08:34:31","modified_gmt":"2026-08-20T12:34:31","slug":"founder-group-secures-us1-5-million-epcc-subcontract-under-malaysias-corporate-green-power-programme-for-29-99mwac-large-scale-solar-facility-in-kedah","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/founder-group-secures-us1-5-million-epcc-subcontract-under-malaysias-corporate-green-power-programme-for-29-99mwac-large-scale-solar-facility-in-kedah\/","title":{"rendered":"Founder Group Secures US$1.5 million EPCC Subcontract under Malaysia&#8217;s Corporate Green Power Programme for 29.99MWac Large-Scale Solar Facility in Kedah"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"justify\">KUALA LUMPUR, Malaysia, Aug.  20, 2026  (GLOBE NEWSWIRE) &#8212; Founder Energy Sdn Bhd, a subsidiary of Founder Group Limited (NASDAQ: FGL) (\u201cFounder Group\u201d or the \u201cCompany\u201d), has been engaged as subcontractor under Malaysia\u2019s Corporate Green Power Programme (CGPP) for the procurement, electrical and mechanical installation and commissioning of a 29.99MWac large-scale solar photovoltaic facility in Daerah Kuala Muda, Kedah. The engagement is valued at RM6.05 million (approximately US$1.5 million).<\/p>\n<p align=\"justify\">CGPP is a national mechanism enabling corporates to directly procure renewable energy from large-scale solar developers via the grid, supporting corporate decarbonization commitments while adding grid-scale renewable capacity in Malaysia.<\/p>\n<p align=\"justify\">\n        <strong><br \/>\n          <em><br \/>\n            <u>Malaysia\u2019s Renewable Energy Acceleration: CGPP and the New LSS6 Programme<\/u><br \/>\n          <\/em><br \/>\n        <\/strong>\n      <\/p>\n<p align=\"justify\">Malaysia\u2019s renewable energy (RE) sector is undergoing rapid structural growth, driven by national policy initiatives under the <strong>National Energy Transition Roadmap (NETR)<\/strong>, which targets 70% RE capacity by 2050. Driven by new market mechanisms: including the Corporate Renewable Energy Supply Scheme (CRESS), the launch of Solar ATAP (Solar Accelerated Transition Action Programme).<\/p>\n<p align=\"justify\">In July 2026, the Ministry of Energy Transition and Water Transformation (PETRA) launched the Large-Scale Solar (LSS6) frameworks which offers 2,500MW solar capacity which expected to attract investment ranging <strong>RM13 billion to RM15 billion <\/strong>(approximately US$3.2 billion to US$3.7 billion).<\/p>\n<p align=\"justify\">For Founder Group, the combination of CGPP\u2019s corporate offtake demand and LSS6\u2019s expanded utility-scale pipeline represents a significant tender book and order book opportunity. As energy-intensive businesses seek to insulate themselves from tariff volatility under Regulatory Period 4 (RP4) and fluctuating Automatic Fuel Adjustments (AFA), and as national utility-scale capacity targets accelerate, the Company expects growing demand for EPCC across both the large-scale solar and commercial and industrial (C&amp;I) segments, alongside continued growth in operations and maintenance (O&amp;M) services for the industry nationwide.<\/p>\n<p align=\"justify\">\n        <strong><br \/>\n          <em><br \/>\n            <u>Expanding Service Capabilities: Full-Suite EPCC &amp; AI-Powered O&amp;M<\/u><br \/>\n          <\/em><br \/>\n        <\/strong>\n      <\/p>\n<p align=\"justify\">Under the LOA, Founder Energy&#8217;s scope covers procurement, electrical and mechanical installation, and commissioning of the solar facility, excluding major equipment to be purchased directly by main contractor. Founder Energy&#8217;s responsibilities include obtaining and maintaining all approvals, licenses, clearances and permits required for construction and operation, and delivering, installing, testing and commissioning the system up to the interconnection point in accordance with Prudent Utility Practices and Tenaga Nasional Berhad (TNB) requirements.<\/p>\n<p align=\"justify\">Beyond the turnkey EPCC execution, Founder Group also provides long-term asset lifecycle management. The Company integrate the Company\u2019s proprietary AI-driven Operations &amp; Maintenance (O&amp;M) technologies. Featuring AI-driven diagnostics, predictive maintenance algorithms, and drone-assisted visual and thermal inspection technologies designed to identify anomalies and detect module defects with minimal manual intervention, supporting uptime and performance across solar assets.<\/p>\n<p align=\"justify\">\n        <strong><br \/>\n          <em><br \/>\n            <u>CEO Commentary <\/u><br \/>\n          <\/em><br \/>\n        <\/strong>\n      <\/p>\n<p align=\"justify\">\u201cBeing engaged as subcontractor for the electrical and mechanical installation and commissioning scope on a near-30MW facility reflects the trust that major industry players place in our execution capability,\u201d said Lee Seng Chi, chief executive officer of Founder Group Limited. \u201cProgrammes like CGPP, and now the newly launched LSS6, are central to Malaysia\u2019s renewable energy roadmap. Each subcontract award strengthens our track record and positions us to capture a larger share of the pipeline as the industry scales toward the nation\u2019s 70% renewable energy target by 2050.\u201d<\/p>\n<p align=\"justify\">\n        <strong>About Founder Group Limited<\/strong>\n      <\/p>\n<p align=\"justify\">Founder Group Limited is a pure-play, end-to-end EPCC solutions provider for solar PV facilities in Malaysia. The company\u2019s primary focus is on two key segments: large-scale solar projects and commercial and industrial (C&amp;I) solar projects. The company\u2019s mission is to provide customers with innovative solar installation services, promote eco-friendly resources and achieve carbon neutrality.<\/p>\n<p align=\"justify\">For more information on the Company, please visit\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=OlEO4XMryukDFokYxtV-9R6QTpr8yn3JEV_xCi2wRM7-616ETt4RB87MMwTVXHkB_JYbrDg_mbZlAxPDgW3wGDN5lXQrQl5b-K7UTRLK7IEHsXCOYQjfHhxqe72tWJxnXzFNWyrTxuc19Mwcj33ufXmE5MtJuPFynl4I8jWut3QljyYzaLa5Ah1xM0b4hoHiz8iKvhqYgH6_fU8R5SlRNafRcN8EqK0hUVfqMlcxTevmaRT4Mr0g0kOOCK1cJulsG-0lL0PG8SVaYRSaehsnQQgL2XKg64crMY6JSbmDgGE3y4Jk78FrskBbXMZ4ZCFzk9hSFwc_YvNMIvz7wdV39z7gKD-2P4flLZslKPF9oTdM7poSm5GOa7iDjzJdyuS8OoNVxS8C_cUbLqv0PY9e0OanAbs4mJiw5qIMuXoT9PcCmv-0wDips6UMh7RbmWiyu9Y4A5mqo0Q0fhLjqmgBRXLq-Qc43Et06FqVcqcjHP-1TkEkiKk0aPDTOwdQbgboFf7TyJZv7NL8UGpT_vKAzq7Q-zgEkIz17xUBWMSiFL3akAibXpKVROo9O0RGF48R\" rel=\"nofollow\" target=\"_blank\">https:\/\/www.founderenergy.com.my\/<\/a>.<\/p>\n<p align=\"justify\">\n        <strong>Safe Harbor Statement<\/strong>\n      <\/p>\n<p align=\"justify\">This press release contains forward-looking statements that reflect our current expectations and views of future events. Known and unknown risks, uncertainties and other factors, including those listed under \u201cRisk Factors\u201d in the Company\u2019s filings with the U.S. Securities and Exchange Commission, may cause our actual results, performance or achievements to be materially different from those expressed or implied by the forward-looking statements. You can identify some of these forward-looking statements by words or phrases such as \u201cmay,\u201d \u201cwill,\u201d \u201cexpect,\u201d \u201canticipate,\u201d \u201caim,\u201d \u201cestimate,\u201d \u201cintend,\u201d \u201cplan,\u201d \u201cbelieve,\u201d \u201cis\/are likely to,\u201d \u201cpotential,\u201d \u201ccontinue\u201d or other similar expressions. We have based these forward-looking statements largely on our current expectations and projections about future events that we believe may affect our financial condition, results of operations, business strategy and financial needs. These forward-looking statements involve various risks and uncertainties. Except as required by law, we undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events. We qualify all of our forward-looking statements by these cautionary statements.<\/p>\n<p>\n        <strong>CONTACT INFORMATION:<\/strong>\n      <\/p>\n<p>For media queries, please contact:<\/p>\n<p>Founder Group Limited<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=knlqbV74WF_XIR0uWjoDRYmk4jBB4sWNQYgs8khGo27ZP_mj6KmmUJyzhNudRqxNO8U5FuDNH24ealhtQg7eujAjszVD2kdChrA0Z_GhVR9tIs5ySLGmvopcdLvyMGlw2EkVFOOuJYV5PvtRb_u9fw1cjgiCfGASh2sWSadtaPDipoSLqIDmZkx932D3sJ8e5HAHXQpFio28gCWx-eMAxt5idn0-BlbFTe5lxeoJbiUl6qHNgjOhx-u-b5sdXR_E41riVsoypPvR2X-ICv84lYcfcufUyh6ZIs_HuJNXX_A=\" rel=\"nofollow\" target=\"_blank\">info@founderenergy.com.my<\/a><\/p>\n<p>      <img decoding=\"async\" alt=\"\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTgxMzM3MyM3Nzg1Njg2IzIyOTY0NDA=\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" alt=\"\" src=\"https:\/\/ml.globenewswire.com\/media\/NjlkNzE0YTEtMzgzZC00NTliLWIzMTQtMWFiNTI2MDQ1YzQ4LTEzMDc5OTAtMjAyNi0wOC0yMC1lbg==\/tiny\/Founder-Group-Limited.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>KUALA LUMPUR, Malaysia, Aug. 20, 2026 (GLOBE NEWSWIRE) &#8212; Founder Energy Sdn Bhd, a subsidiary of Founder Group Limited (NASDAQ: FGL) (\u201cFounder Group\u201d or the \u201cCompany\u201d), has been engaged as subcontractor under Malaysia\u2019s Corporate Green Power Programme (CGPP) for the procurement, electrical and mechanical installation and commissioning of a 29.99MWac large-scale solar photovoltaic facility in Daerah Kuala Muda, Kedah. The engagement is valued at RM6.05 million (approximately US$1.5 million). CGPP is a national mechanism enabling corporates to directly procure renewable energy from large-scale solar developers via the grid, supporting corporate decarbonization commitments while adding grid-scale renewable capacity in Malaysia. Malaysia\u2019s Renewable Energy Acceleration: CGPP and the New LSS6 Programme Malaysia\u2019s renewable energy (RE) sector is undergoing rapid structural growth, driven &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/founder-group-secures-us1-5-million-epcc-subcontract-under-malaysias-corporate-green-power-programme-for-29-99mwac-large-scale-solar-facility-in-kedah\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Founder Group Secures US$1.5 million EPCC Subcontract under Malaysia&#8217;s Corporate Green Power Programme for 29.99MWac Large-Scale Solar Facility in Kedah&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-996948","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Founder Group Secures US$1.5 million EPCC Subcontract under Malaysia&#039;s Corporate Green Power Programme for 29.99MWac Large-Scale Solar Facility in Kedah - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/founder-group-secures-us1-5-million-epcc-subcontract-under-malaysias-corporate-green-power-programme-for-29-99mwac-large-scale-solar-facility-in-kedah\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Founder Group Secures US$1.5 million EPCC Subcontract under Malaysia&#039;s Corporate Green Power Programme for 29.99MWac Large-Scale Solar Facility in Kedah - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"KUALA LUMPUR, Malaysia, Aug. 20, 2026 (GLOBE NEWSWIRE) &#8212; Founder Energy Sdn Bhd, a subsidiary of Founder Group Limited (NASDAQ: FGL) (\u201cFounder Group\u201d or the \u201cCompany\u201d), has been engaged as subcontractor under Malaysia\u2019s Corporate Green Power Programme (CGPP) for the procurement, electrical and mechanical installation and commissioning of a 29.99MWac large-scale solar photovoltaic facility in Daerah Kuala Muda, Kedah. The engagement is valued at RM6.05 million (approximately US$1.5 million). CGPP is a national mechanism enabling corporates to directly procure renewable energy from large-scale solar developers via the grid, supporting corporate decarbonization commitments while adding grid-scale renewable capacity in Malaysia. Malaysia\u2019s Renewable Energy Acceleration: CGPP and the New LSS6 Programme Malaysia\u2019s renewable energy (RE) sector is undergoing rapid structural growth, driven &hellip; Continue reading &quot;Founder Group Secures US$1.5 million EPCC Subcontract under Malaysia&#8217;s Corporate Green Power Programme for 29.99MWac Large-Scale Solar Facility in Kedah&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/founder-group-secures-us1-5-million-epcc-subcontract-under-malaysias-corporate-green-power-programme-for-29-99mwac-large-scale-solar-facility-in-kedah\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2026-08-20T12:34:31+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTgxMzM3MyM3Nzg1Njg2IzIyOTY0NDA=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/founder-group-secures-us1-5-million-epcc-subcontract-under-malaysias-corporate-green-power-programme-for-29-99mwac-large-scale-solar-facility-in-kedah\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/founder-group-secures-us1-5-million-epcc-subcontract-under-malaysias-corporate-green-power-programme-for-29-99mwac-large-scale-solar-facility-in-kedah\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Founder Group Secures US$1.5 million EPCC Subcontract under Malaysia&#8217;s Corporate Green Power Programme for 29.99MWac Large-Scale Solar Facility in Kedah\",\"datePublished\":\"2026-08-20T12:34:31+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/founder-group-secures-us1-5-million-epcc-subcontract-under-malaysias-corporate-green-power-programme-for-29-99mwac-large-scale-solar-facility-in-kedah\\\/\"},\"wordCount\":823,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/founder-group-secures-us1-5-million-epcc-subcontract-under-malaysias-corporate-green-power-programme-for-29-99mwac-large-scale-solar-facility-in-kedah\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=OTgxMzM3MyM3Nzg1Njg2IzIyOTY0NDA=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/founder-group-secures-us1-5-million-epcc-subcontract-under-malaysias-corporate-green-power-programme-for-29-99mwac-large-scale-solar-facility-in-kedah\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/founder-group-secures-us1-5-million-epcc-subcontract-under-malaysias-corporate-green-power-programme-for-29-99mwac-large-scale-solar-facility-in-kedah\\\/\",\"name\":\"Founder Group Secures US$1.5 million EPCC Subcontract under Malaysia's Corporate Green Power Programme for 29.99MWac Large-Scale Solar Facility in Kedah - 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Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/founder-group-secures-us1-5-million-epcc-subcontract-under-malaysias-corporate-green-power-programme-for-29-99mwac-large-scale-solar-facility-in-kedah\/","og_locale":"en_US","og_type":"article","og_title":"Founder Group Secures US$1.5 million EPCC Subcontract under Malaysia's Corporate Green Power Programme for 29.99MWac Large-Scale Solar Facility in Kedah - Market Newsdesk","og_description":"KUALA LUMPUR, Malaysia, Aug. 20, 2026 (GLOBE NEWSWIRE) &#8212; Founder Energy Sdn Bhd, a subsidiary of Founder Group Limited (NASDAQ: FGL) (\u201cFounder Group\u201d or the \u201cCompany\u201d), has been engaged as subcontractor under Malaysia\u2019s Corporate Green Power Programme (CGPP) for the procurement, electrical and mechanical installation and commissioning of a 29.99MWac large-scale solar photovoltaic facility in Daerah Kuala Muda, Kedah. The engagement is valued at RM6.05 million (approximately US$1.5 million). CGPP is a national mechanism enabling corporates to directly procure renewable energy from large-scale solar developers via the grid, supporting corporate decarbonization commitments while adding grid-scale renewable capacity in Malaysia. Malaysia\u2019s Renewable Energy Acceleration: CGPP and the New LSS6 Programme Malaysia\u2019s renewable energy (RE) sector is undergoing rapid structural growth, driven &hellip; Continue reading \"Founder Group Secures US$1.5 million EPCC Subcontract under Malaysia&#8217;s Corporate Green Power Programme for 29.99MWac Large-Scale Solar Facility in Kedah\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/founder-group-secures-us1-5-million-epcc-subcontract-under-malaysias-corporate-green-power-programme-for-29-99mwac-large-scale-solar-facility-in-kedah\/","og_site_name":"Market Newsdesk","article_published_time":"2026-08-20T12:34:31+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTgxMzM3MyM3Nzg1Njg2IzIyOTY0NDA=","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/founder-group-secures-us1-5-million-epcc-subcontract-under-malaysias-corporate-green-power-programme-for-29-99mwac-large-scale-solar-facility-in-kedah\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/founder-group-secures-us1-5-million-epcc-subcontract-under-malaysias-corporate-green-power-programme-for-29-99mwac-large-scale-solar-facility-in-kedah\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Founder Group Secures US$1.5 million EPCC Subcontract under Malaysia&#8217;s Corporate Green Power Programme for 29.99MWac Large-Scale Solar Facility in Kedah","datePublished":"2026-08-20T12:34:31+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/founder-group-secures-us1-5-million-epcc-subcontract-under-malaysias-corporate-green-power-programme-for-29-99mwac-large-scale-solar-facility-in-kedah\/"},"wordCount":823,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/founder-group-secures-us1-5-million-epcc-subcontract-under-malaysias-corporate-green-power-programme-for-29-99mwac-large-scale-solar-facility-in-kedah\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTgxMzM3MyM3Nzg1Njg2IzIyOTY0NDA=","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/founder-group-secures-us1-5-million-epcc-subcontract-under-malaysias-corporate-green-power-programme-for-29-99mwac-large-scale-solar-facility-in-kedah\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/founder-group-secures-us1-5-million-epcc-subcontract-under-malaysias-corporate-green-power-programme-for-29-99mwac-large-scale-solar-facility-in-kedah\/","name":"Founder Group Secures US$1.5 million EPCC Subcontract under Malaysia's Corporate Green Power Programme for 29.99MWac Large-Scale Solar Facility in Kedah - 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