RM100mil project for Pestech

The company told Bursa Malaysia its wholly owned subsidiary had accepted a notice of award from NGCP for the contract in relation to the Nabas-Caticlan-Boracay 138kV transmission line project, with a value of US$15.56mil (RM63.36mil) for the offshore portion and 483.31 million Philippine pesos (RM40.87mil) for the onshore portion.

PETALING JAYA: Pestech International Bhd has won a project worth about RM100mil from the National Grid Corp of the Philippines (NGCP).

The company told Bursa Malaysia its wholly owned subsidiary had accepted a notice of award from NGCP for the contract in relation to the Nabas-Caticlan-Boracay 138kV transmission line project, with a value of US$15.56mil (RM63.36mil) for the offshore portion and 483.31 million Philippine pesos (RM40.87mil) for the onshore portion.

Under the project, Pestech would design, supply, install, test and commission a new Boracay substation and expansion of the existing Nabas substation.