PETALING JAYA: Binasat Communications Bhd
has secured a contract worth RM13.3mil from Enertra Sdn Bhd to conduct civil works for the Amazon’s KUL071 132 kilowatts high-voltage substation.
In a filing with Bursa Malaysia, Binasat said its scope of works for the project include (but not limited to) prelims and general requirements, design, site prep/ civil works, road and pavements, site utilities, building and structures, fencing and security systems (external), operating and maintenance, and an optional provisional sum to cater the requirement of 100% PTX oil capacity with lump sum amount of RM217,000.
“The contract will not have any material effect on the net assets and gearing of Binasat and its subsidiaries for the financial year ending Dec 31, 2024 and is expected to contribute positively to the earnings of Binasat Group over the duration of the contract.
“The potential risks involved in the contract are the same with any other projects undertaken by Binasat which are considered normal operational risks,” it said.
