Mega First awards RM1.3bil EPCC contract to China-based firm

KUALA LUMPUR: Mega First Corp Bhd ’s (MFCB) 80% owned indirect subsidiary Don Sahong Power Co Ltd has awarded an engineering, procurement, construction and commissioning (EPCC) contract worth US$320mil (RM1.34bil) to Sinohydro Corp Ltd.

MFCB, whose activities include power generation, lime quarrying and property development, told Bursa Malaysia that the job was to develop, construct and commission the Don Sahong hydropower project over 50 months.

On Sept 15, the Lao government had awarded Don Sahong Power Co Ltd a 25-year concession right for the development of the 260MW run-of-river hydropower project in the Hou Sahong Channel of the Mekong River.

The project, which is expected to start commercial operation in early 2020, will be able to generate about 2,000 gigawatt hours of electricity per year.