Under the contract, Pestech will deliver an EPCC work for the existing obsolete 230kV and 69kV electrical equipment including the associated equipment and materials in San Juan, Lumban and Daraga Substations with project durations over 360 to 450 days.
KUALA LUMPUR: Kenanga Investment Bank Research is maintaining an Outperform for Pestech International with a target price of RM1.75.
The company had secured a contract from the National Grid Corporation of the Philippines (NGCP) for the EPCC contract for South Luzon substations upgrading project stage one (San Juan and Lumban Substations) and Stage two (Daraga Substation) for a total contract value of c.RM111.7mil.
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