Powerwell secures RM94mil contract from Tialoc Malaysia

KUALA LUMPUR: Powerwell Holdings Bhd’s wholly-owned subsidiary, Powerwell International Sdn Bhd has secured a contract worth RM94mil from Tialoc Malaysia Sdn Bhd.

The electrical power distribution equipment manufacturer and solution provider said the contract entails supplying, installing, testing and commissioning low voltage (LV) panels for a new building project of a leading multinational corporation in Kulim Hi-Tech Park, Kedah.

This is Powerwell’s second contract from Tialoc Malaysia in 2022.

The commencement date of the contract is June 10 and the delivery of the supply contract is expected to be completed by March 15, 2023.

With this contract, Powerwell’s outstanding order book stands at RM201mil.