KUALA LUMPUR: Shares in Pasukhas Group Bhd jumped over 51% in early trade Tuesday following its partnership with Vsolar Group Bhd.

       The counter, one of the top gainers on Bursa Malaysia, surged 51.72%, or 15 sen to 44 sen, its highest since November 2012.

       Pasukhas and Vsolar have inked a collaborative agreement to provide engineering, procurement, construction, and commissioning (EPCC) services to the solar farm industry.

       The two companies said their partnership is to cater to the swathe of solar projects they expect will come onstream over the next 24 months.

       The collaboration will see Pasukhas Energy and Vsolar combine their resources to create a project management, execution and ongoing management team to cater for any upcoming large scale solar (LSS) project that requires a turnkey operator to come on stream.

       The collaboration has already begun negotiations with several infrastructure and renewable energy based funds to also provide a complete solution package, inclusive of capex funding.

       The collaboration aims to be able to provide all the awardees of the LSS 4 tenders a holistic financing, design, build and operating platform.