KPower secures EPCC contracts in Pahang, Perak worth RM510 million

KUALA LUMPUR (April 26): KPower Bhd has secured four EPCC contracts with a total value of approximately RM510 million in Pahang and Perak.

In a statement today, KPower said its unit KPower Engineering Sdn Bhd has secured the contracts from Cabaran Hijau Sdn Bhd, Selat Serasi Sdn Bhd, Denai Delima Sdn Bhd and Koridor Mentari Sdn Bhd.

KPower group managing director Mustakim Mat Nun said the projects represent the firm's commitment to continuing making inroads in the renewable energy infrastructure space within Malaysia.

"The EPCC contracts in Pahang are our first in the state, while the additional contracts in Perak enable us to continue to expand in the state," he said.

Mustakim said the contracts mark the group's efforts towards securing continuous projects to achieve its target of an additional RM2 billion order book by this financial year end.

"With Malaysia's and ASEAN's target of 35% of renewable energy share of installed capacity and also our pre-existing local and regional presence, we are well positioned for growth.

"We are optimistic of the prospects of the group in view of the resilient outlook for the energy sector and the expected economic recovery. This presents us with innumerable opportunities to capture and simultaneously expand our growth in the energy sector within Malaysia and regionally," said Mustakim.

The contracts are to undertake amongst others, the engineering, procurement, construction, commission and completion of mini hydro power plants in the state of Pahang Darul Makmur with a capacity of 18.7 MW in Sg Jelai Kecil, 13.9 MW in Sg Telom as well as 12 MW in Sg Lemoi and 5.25 MW in Sg Kampar in Perak.

KPower said the relevant parties will enter into a definitive agreement within 60 business days from the date of acceptance of the awards with the commencement of the execution of the projects to begin immediately.

Get the latest news @ www.EdgeProp.my

Subscribe to our Telegram channel for the latest stories and updates 

Click here for more property stories