Founder Energy Sdn Bhd Engaged As Subcontractor Under Malaysia's Corporate Green Power Programme Over Installation, Commissioning Of Photovoltaic Site

Founder Energy Sdn Bhd, a subsidiary of Founder Group Limited (NASDAQ: FGL) ("Founder Group" or the "Company"), has been engaged as subcontractor under Malaysia’s 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.