In a filing with Bursa Malaysia today, Gamuda said it received the letter of award from Upper Padas Power Sdn Bhd (UPPSB), in which Gamuda holds an indirect 45% stake, via its JV entity UPP Holdings Sdn Bhd.

The development contract will be undertaken by an unincorporated JV comprising Gamuda and Conlay with 75% and 25% interests, respectively.

“The total contract value is RM3.05 billion, with a scheduled commercial operation date to be on or before Dec 31, 2030,” said Gamuda.

The scope of work includes the design, construction, testing, and commissioning of a 187.5 megawatt (MW) hydroelectric plant involving a roller-compacted concrete dam, main and secondary powerhouses, a water conveyance system, project access, and other permanent facilities.

“It also includes a 275 kilovolt (kV) switchyard, a 33kV sub-transmission line, a workshop, stores and operation facilities, and a residential village,” the company said.

Upon completion, the project will deliver an average of 1,052 gigawatt-hour (GWh) of clean energy per year, boosting Sabah’s dependable energy capacity by approximately 15% and doubling the state’s renewable energy mix.

“This will contribute toward Sabah’s goal of achieving around 35% renewable energy share in its generation mix by 2035.

“The total development contract is expected to contribute positively to the revenue and earnings of Gamuda Group for the financial year ending July 31, 2025, onward until project completion,” it added.