Pestech gets RM1.59bil concession in Cambodia

PETALING JAYA: Power system engineering and technical solutions provider Pestech International Bhd has become a concession owner in Cambodia after it secures a project worth RM1.59bil.

It told Bursa Malaysia yesterday that it had signed an agreement with Cambodia’s Mines and Energy Ministry and state-owned Electricite Du Cambodge (EDC) to transfer the ownership of the 230kV Kampong Cham – Kratie Transmission System project to its 60%-owned Diamond Power Ltd.