Ann Joo wins RM61.89m grid link job for 100MW solar plant
- Ann Joo's unit IAC Infrastructure won a RM61.89m subcontract to connect a ~100MW solar plant in the north to TNB's grid.
- The main contractor, the plant's owner and its site were not disclosed; work is due by the third quarter of 2027.
- In May the same unit won a RM37.4m job to build a 100MW / 400MWh battery storage plant in Bukit Kayu Hitam, Kedah.
- Ann Joo sold its Prai steel mill in September and is selling plots at its Gurun industrial park.
What contract did Ann Joo win in October 2026?
A RM61.89 million subcontract for its unit IAC Infrastructure to build the grid connection and transmission line for a ~100MW solar plant in northern Peninsular Malaysia.
Where is the solar plant Ann Joo is connecting to the grid?
Ann Joo said only that it is in the northern region of Peninsular Malaysia; the site, owner and main contractor were not disclosed.
When will Ann Joo finish the solar grid-link work?
On or before the third quarter of 2027, according to its Bursa filing.
What is Ann Joo building in Bukit Kayu Hitam?
A 100MW / 400MWh battery energy storage system for Universal Peak Sdn Bhd, under a RM37.4 million contract awarded in May 2026.
Ann Joo Resources Bhd's unit IAC Infrastructure Sdn Bhd signed a RM61.89 million subcontract on 2 October 2026 to design, build, test and commission the interconnection facilities and transmission line that will link a large-scale solar plant of about 100MW in the northern region of Peninsular Malaysia to TNB's grid. The work is due to finish by the third quarter of 2027.
Ann Joo announced the deal on 28 October, once the main contractor agreed to the disclosure. It did not name that contractor, a Malaysian engineering, procurement, construction and commissioning (EPCC) firm in electrical and mechanical supplies, nor the plant's site or owner. The filing's attachment is titled "Subcontract Agreement LSS5", which points to the fifth round of the government's Large Scale Solar programme.
The job
- Contractor: IAC Infrastructure, set up on 2 February 2024 and held through Ann Joo Metal Sdn Bhd. It does construction, engineering and infrastructure work
- Scope: turnkey design and build, engineering, procurement, construction, installation, testing and commissioning of the interconnection facilities and transmission line
- Price: RM61,888,888
- Timing: completion on or before the third quarter of 2027. Ann Joo expects no material effect on its results for 2026 and a positive contribution in 2027
- Approvals: none needed from shareholders or regulators
Its second grid job this year
On 5 May, IAC Infrastructure accepted a RM37.4 million award from Universal Peak Sdn Bhd to design, build and commission a 100MW / 400MWh battery energy storage system in Bukit Kayu Hitam, Kedah. Universal Peak is in a consortium with Blueleaf Energy that the Energy Commission picked under its Malaysia Battery Energy Storage System (MyBeST) programme. The contract period had not been fixed when the award was announced.
Together the two jobs are worth about RM99.3 million (our calculation). Ann Joo first moved into solar in August 2023, when Ann Joo Green Energy Sdn Bhd, with JAKS Solar Power and Fabulous Sunview, won a 29.99MWac quota under the Corporate Green Power Programme, The Edge reported.
A steelmaker changing course
- The mill: in September 2026 Ann Joo sold Ann Joo Steel Bhd, the Prai mill and its 200.55-acre freehold title, to Green Esteel for RM290 million
- The land: it is selling large plots at its Gurun Heavy Industrial Park in Kedah to Chinese manufacturers
- The market value: its shares closed at 45.5 sen on 28 October, valuing the group at RM327.1 million
- Bursa Malaysia — Ann Joo Resources: subcontract agreement by IAC Infrastructure for a ~100MWac large-scale solar plant in the northern region (28 Oct 2026)
- Bursa Malaysia — Ann Joo Resources: letter of award to IAC Infrastructure for a BESS project in Bukit Kayu Hitam, Kedah (5 May 2026)
- The Edge Malaysia — Ann Joo secures RM62 mil subcontract for solar power project (28 Oct 2026)
Facts summarised in our own words, with our own analysis added.
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