JAKS Resources Berhad

JAKS Resources Berhad (commonly known as JAKS) is a Malaysian public company whose group of companies is primarily engaged in water supply and infrastructure construction projects, property development in Malaysia, and power generation in Vietnam. The group was incorporated and commenced business as a steel pipe manufacturer in 1987, expanded into the construction of water supply projects in 1990, and further expanded into infrastructure construction in 2000. It was listed on the Main Market of Bursa Securities in 2004. JAKS describes its capabilities as spanning water and sewerage infrastructure, property construction and road works, civil and M&E engineering works, and power generation including Build-Operate-Transfer thermal power plants and renewable energy. Its notable mixed residential and commercial development projects in Malaysia include Pacific Place @ Ara Damansara and Pacific Star @ Section 13, Petaling Jaya. On the international front, the group has diversified into power and other large-scale infrastructure projects. It formed a joint venture with China Power Engineering Consulting Group Co. Ltd (CPECC) on a 50:50 basis for a 25-year Build-Operate-Transfer power plant project in Hai Duong Province, Vietnam, valued at USD1.87 billion (approximately RM7.76 billion), with JAKS holding an economic interest of 30%. The group secured a US$454.5 million EPC contract for the Vietnam IPP and achieved financial close in end-October 2015. The first unit of the Hai Duong Power Plant achieved its Commercial Operation Date (COD) on 24 November 2020, and the second unit achieved COD in January 2021. In renewable energy, JAKS secured the Large Scale Solar package 4 (LSS4) project for Package P2 (50 MW) in Peninsular Malaysia in 2021, achieved COD for the LSS4 solar PV plant in Nibong Tebal, Penang on 18 August 2023, and was successfully selected as a solar power producer with a capacity of 29.99MW under the Corporate Green Power Programme on 7 August 2023. The company positions itself around empowering lives with reliable energy, building a solid foundation for a sustainable future, and blending convenience with the needs of communities.

JAKS Resources Berhad was incorporated and commenced business as a steel pipe manufacturer in 1987. In 1990 the company expanded into the construction of water supply projects, and in 2000 it further expanded into infrastructure construction projects. The group was listed on the Main Market of Bursa Securities in 2004. Between 2011 and 2015, JAKS entered the independent power producer (IPP) sector in Vietnam (2011) and diversified into the property development sector (2013). In 2014 it consolidated its manufacturing plants and disposed of non-core assets. In 2015 it entered into a joint venture with China Power Engineering Consulting Group Co. Ltd (CPECC) on a 50:50 basis for the IPP in Vietnam, with JAKS holding an economic interest of 30%. Also in 2015, it secured a US$454.5 million EPC contract for the Vietnam IPP and achieved financial close for the project at the end of October. From 2016 to 2020, the group monetised non-core property assets (2017) and achieved the Commercial Operation Date (COD) of the first unit of the Hai Duong Power Plant on 24 November 2020. In 2021, the second unit of the Hai Duong Power Plant achieved COD in January, and JAKS successfully secured the Large Scale Solar package 4 (LSS4) project to develop a new LSS solar PV plant in Peninsular Malaysia for Package P2 (50 MW). In 2023, JAKS achieved COD for the LSS4 Solar PV plant in Nibong Tebal, Penang on 18 August 2023, and was successfully selected as a solar power producer with a capacity of 29.99MW under the Corporate Green Power Programme on 7 August 2023. The group's official website describes it as primarily engaged in water supply and infrastructure construction projects, property development in Malaysia, and power generation in Vietnam, with notable mixed residential and commercial development projects including Pacific Place @ Ara Damansara and Pacific Star @ Section 13, Petaling Jaya. It has formed a joint venture with CPECC for a 25-year Build-Operate-Transfer power plant project in Hai Duong Province, Vietnam, valued at USD1.87 billion (approximately RM7.76 billion).

• 2023

  Achieved COD for LSS4 Solar PV plant in Nibong Tebal, Penang on 18 August 2023

• 2023

  Successfully selected as solar power producer with a capacity of 29.99MW under the Corporate Green Power Programme on 7 August 2023

• 2021

  Achieved COD for the second unit of the Hai Duong Power Plant in January

• 2021

  Successfully secured the Large Scale Solar package 4 (LSS4) project to develop the new LSS solar PV plant in Peninsular Malaysia for Package P2 (50 MW)

• 2020

  Achieved Commercial Operation Date (COD) of the first unit of the Hai Duong Power Plant on 24 November

• 2017

  Monetisation of non-core property assets

• 2015

  Entered into a JV with China Power Engineering Consulting Group Co Ltd (CPECC) on a 50:50 basis for the IPP in Vietnam (JAKS' economic interest of 30%)

• 2015

  Secured US$454.5 million EPC contract for the IPP in Vietnam

• 2015

  Achieved financial close for Vietnam IPP in end October

• 2014

  Consolidated manufacturing plants and disposal of non-core assets

• 2013

  Diversified into property development sector

• 2011

  Entered into IPP in Vietnam

• 2004

  Listed on Bursa Securities Main Market

• 2000

  Expanded to construction of infrastructure projects

• 1990

  Expanded to construction of water supply projects

• 1987

  Incorporated and commenced business as steel pipe manufacturer

A Malaysian infrastructure, property and power group diversifying into international power and large-scale infrastructure projects, with a focus on reliable energy and sustainable development.

• Hai Duong Power Plant (BOT thermal power, Vietnam)

  25-year Build-Operate-Transfer power plant project in Hai Duong Province, Vietnam, valued at USD1.87 billion (approximately RM7.76 billion), developed via a JV with CPECC.

• LSS4 Solar PV plant, Nibong Tebal, Penang

  Large Scale Solar package 4 (LSS4) project for Package P2 (50 MW) in Peninsular Malaysia; achieved COD on 18 August 2023.

• Pacific Place @ Ara Damansara

  Mixed residential and commercial development project in Malaysia.

• Pacific Star @ Section 13, Petaling Jaya

  Mixed residential and commercial development project in Malaysia.

1. 1JAKS RESOURCES BERHADjaks.com.my
2. 2JAKS RESOURCES BERHAD - Corporate Videosjaks.com.my
3. 3JAKS RESOURCES BERHAD - Corporate Structurejaks.com.my
4. 4JAKS RESOURCES BERHAD - Corporate Milestonesjaks.com.my
5. 5Jaks Resources Berhad - Wikidatawikidata.org