Monday, 30 April 2012

Kencana unit gets EPCC contract from Petronas Gas worth RM35m

KUALA LUMPUR (April 30): KENCANA PETROLEUM BHD []’s wholly owned subsidiary, Kencana HL Sdn. Bhd. ("Kencana HL") in consortium with Shinryo (M) Sdn Bhd has secured an engineering, procurement, CONSTRUCTION [] and commissioning (“EPCC”) from PETRONAS GAS BHD [].

Kencana said on Monday that the contract was for the EPCC of two cogeneration plants, having combined capacity of 50MW of electrical power and steam capacity of 120 ton per hour.

The company said the portion of the contract value for Kencana HL was estimated at RM35 million.

“The Contract is expected to be fully completed by first quarter of calendar year 2014,” it said.

Kencana said the contract was expected to contribute positively to its earnings for the duration of the contract.

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