Pestech International bags US$81.77mil contract from Iraq

KUALA LUMPUR: Pestech International Bhd (Pestech), through its unit Pestech Sdn Bhd’s (PSB) joint venture with China Energy Engineering Group Tianjin Electric Power Construction Co Ltd (TEPC), has secured a US$81.77 million (US$1=RM4.60) from Iraq’s Ministry of Electricity.

The contract is for the completion of the works known as the Electricity Sector Reconstruction Project Phase (III), Lot 1-Construction of four 132 kilovolt Gas Insulated Switchgear (GIS) Substations in Baghdad, Iraq.