HeiTech Padu secures RM1bil contract, plans business diversification into renewable energy


KUALA LUMPUR: Heitech Padu Bhd has secured a contract from TNB Power Generation Sdn Bhd (TNB Genco), a wholly owned subsidiary of Tenaga Nasional Bhd, as part of the Voith–HeiTech Consortium.

In a filing with Bursa Malaysia, HeiTech Padu said the hydroelectricity facility project, issued on Feb 21 and received on Feb 24, is valued RM1.04bil, inclusive of sales and service tax.

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