PETALING JAYA: Samaiden Group Bhd has clinched a contract from Gimzan Plywood Sdn Bhd for the engineering, procurement, construction and commissioning works (EPCC) of a 2 MWac biomass power plant in Hulu Terengganu.
The contract which is valued at RM25.8mil will commence on Feb 2 and is expected to be completed within 23 months from its commencement, the company said in a Bursa Malaysia announcement.
“The scope of work includes the EPCC, reliability test, remedy of defect during the defect liability period and provision of all equipment, both permanent works and temporary works, ” the company said.
If the company fails to deliver the project within this timeframe, Samaiden said it will pay a rate of RM2,000 per day up to a limit of 5% of the contract price as liquidated and ascertained damages as compensation.
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