Powerwell receives RM39mil purchase order for Bangladesh solar facility

KUALA LUMPUR: Powerwell Holdings Bhd's wholly-owned subsidiary Powerwell International Sdn Bhd has received a $8.9mil (RM39.24mil) purchase order for the supply of 33 kilovolt substation equipment for a solar power plant project in Bhabanipur, Pabna, in Bangladesh.

In a filing with Bursa Malaysia, the group said the purchase order from Dynamic Sun Energy Pte Ltd, a subsidiary of Paramount Group Bangladesh, is expected to be fulfilled by September 2023.