Powernet gets Nepal project

“The scope of work includes but is not limited to engineering, construction, supervision, testing, commissioning, reliability test, remedy of defect during the defect liability period and provision of all equipment, both permanent works and temporary works in connection with the project, ” said the group in a filing with Bursa Malaysia.

PETALING JAYA: Kumpulan Powernet Bhd has received a US$48mil (RM208.08mil) contract from Ghaurishankar Power Development Pvt Ltd to construct a 22.9MW mini hydropower plant in Solukhumbhu, Nepal.

“The scope of work includes but is not limited to engineering, construction, supervision, testing, commissioning, reliability test, remedy of defect during the defect liability period and provision of all equipment, both permanent works and temporary works in connection with the project, ” said the group in a filing with Bursa Malaysia.

Under the terms of the contract, Kumpulan Powernet is to complete the works within 36 months from the commencement date, or by May 12,2023, whichever is earlier.

The group expects the award to contribute positively to the net assets, consolidated earnings and earnings per share for the financial years ending June 30,2021, to June 30,2023.