Pestech poised to clinch RM334mil Cambodian power deal

Pestech

PETALING JAYA: Main Market-listed Pestech International Bhd got its break from merely being a turnkey contractor in the power sector to an independent power transmitter in the power generation business – thanks to a US$92.21mil (RM334mil) project in Cambodia.

Last Wednesday the company’s 60%-owned subsidiary Diamond Power Ltd took over the job of developing a 230kV transmission line between Kampong Chom and Kratie from Cambodian-state owned Electricite Du Cambodge (EDC). The project will transmit electricity from the upcoming Hydro Power Lower Se San 2 plant in Stung Treng to Kratie and Kampong Cham.