UMW enters a long-term service agreement worth RM50mil with IOI


IOI Plantation Services Sdn Bhd mills & engineering (Sabah) general manager Raymond Herbertson (left) and UMW Industrial Power Services Sdn Bhd general manager Roslan Yahaya (right).

KUALA LUMPUR: UMW Group’s wholly owned subsidiary, UMW Industrial Power Services Sdn Bhd (UIPS) has signed a long-term service agreement (LTSA) with IOI Corp Bhd’s plantation business valued at RM50mil.

UIPS is an authorised distributor of INNIO’s Jenbacher engines in Malaysia.

The agreement will see UIPS providing maintenance services for seven units of Jenbacher biogas engines installed at IOI Plantation Services Sdn Bhd’s seven palm oil mills in Lahad Datu and Sandakan in Sabah.

The seven Jenbacher biogas engines have a total generation capacity of 5,523kW of power. The power generated will be utilised for the operations at the mills, living quarters as well as for auxiliary usage.

UMW said the LTSA would cover two life cycles of the seven biogas engines and engine block replacement and the scope of work included services and maintenance for the engines for a duration of 16 years. The scheduled maintenance is aimed at achieving an optimum capacity of 7,000 operating hours annually.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

Asia shares buoyed by Trump's China comments; BOJ hikes
BOJ raises interest rates to highest in 17 years
PETRONAS transfers Kebabangan cluster PSC sole operatorship to ConocoPhillips
Singapore central bank eases monetary policy, first time since March 2020
Ringgit opens higher against greenback amid cautious sentiment
FBM KLCI edges higher as Trump pushes for lower rates
Trading ideas: MRCB, Oriental Kopi, KIP REIT, YTL Corp, YTL Power, T7, Citaglobal, Unitrade, Rhong Khen, Econframe, Censof, Westports, Axis REIT, Destini
Oil falls as Trump urges Opec to lower prices
S&P 500 notches closing record on Trump comments, earnings
Econframe to acquire IPSB for RM56mil

Others Also Read