Tenaga Nasional Berhad

Kuala Lumpur – October 17, 2026 -- Founder Energy Sdn Bhd, a subsidiary of Nasdaq-listed Founder Group Limited (FGL), has signed a turn-key EPCC contract worth approximately RM5.58 million (US$1.37 million) to build a 1.78 MW-peak rooftop solar system for a shrimp farming and processing facility in Ayer Hitam, Kedah.

The deal is Founder Group's second solar project for the agricultural sector. It follows a shrimp farm project in Terengganu and is the company's first to combine an integrated shrimp farm with a processing plant.

Kuala Lumpur – October 17, 2026 -- Founder Energy Sdn Bhd, a subsidiary of Nasdaq-listed Founder Group Limited (FGL), has been engaged as subcontractor for a 29.99MWac large-scale solar photovoltaic facility in Daerah Kuala Muda, Kedah, in a deal valued at RM6.05 million (approximately US$1.5 million).

The award falls under Malaysia's Corporate Green Power Programme (CGPP), a national mechanism that lets corporates procure renewable energy directly from large-scale solar developers via the grid.

Founder Energy takes on procurement, installation and commissioning scope

Under the letter of award, Founder Energy covers procurement, electrical and mechanical installation, and commissioning of the facility. Major equipment is excluded and will be purchased directly by the main contractor.

Kuala Lumpur – – October 17, 2026 -- Nasdaq-listed Founder Group Limited (FGL) has completed the acquisition of a 19.90% equity interest in Nichcom Go Sdn. Bhd., the Malaysian charge point operator behind the SpacePlus EV charging brand. Financial terms were not disclosed in the announcement.

Malaysia's charger rollout trails its 2025 target by more than 3,500 units

The Ministry of Investment, Trade and Industry (MITI) reported 6,416 EV chargers installed nationwide as of May 31, 2026: 2,143 DC chargers and 4,273 AC chargers. That is short of the original 10,000-unit target set for 2025. The National Energy Transition Roadmap (NETR) now targets 30,000 public charging stations by 2030, roughly five times today's installed base.