PETALING JAYA: Pestech International Bhd’s unit, Pestech (Cambodia) Ltd, has received a contract from Cambodia-based Alex Corp to construct a hydro-electric power plant in Phnom Penh.
The contract, valued at US$100.21mil (RM444.6mil), will enable Pestech to carry out the design, engineering, manufacturing, installation, testing and commissioning of the Stung Tatay Hydro Power Plant (HPP)–Phnom Penh Transmission System Project with a power capacity of 230kV.
“The project will eventually see the commissioning of the 220km 230kV double-circuit transmission line from Stung Tatay HPP to Phnom Penh,” it said.
Pestech said it would also supply, install and connect two 230kV line bays at the Stung Tatay HPP switchyard.
The company said in a filing with Bursa Malaysia that the project was expected to commence within three months from the date of the agreement, and was expected to be completed within 36 months from the commencement date.
“The agreement will have no material effect on the revenue and earnings of the company for the financial year ending June 30, but is expected to contribute positively to future earnings and net assets per share,” it said.
Pestech did not foresee any exceptional risk other than the normal operational risks associated with the project, adding that it would take the necessary steps to mitigate them as and when they occur.
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