Powerwell unit secures RM22.05mil supply deal

KUALA LUMPUR: Powerwell Holdings Bhd's wholly-owned subsidiary Kejuruteraan Powerwell Sdn Bhd has accepted a job from One Ocean Environment Sdn Bhd for the supply of low voltage switchboards for the Proposed Development of Sg. Rasau Water Supply Scheme (Stage 1) Selangor for RM22.05mil.

In a filing with Bursa Malaysia, the group said the contract was for Package 1 – design and build of proposed Rasau intake, raw water pumping mains, water treatment plant and associated works.

It said the sub-contract is accepted to be completed by end-June 2025.

"The sub-contract is expected to contribute positively to Powerwell’s consolidated earnings and net assets for the financial year ending 31 March 2025 onwards," it said.