Yuanta

Pestech obtains $100mn transmission line contract

Malaysian-owned power infrastructure provider Pestech (Cambodia) Ltd has been awarded a contract to build a 230- kilovolt transmission line valued at $100mn to connect Koh Kong province’s Stung Tatai hydropower dam to Phnom Penh, according to a filing on the Malaysian stock exchange. The company will undertake the design, engineering, manufacturing, installation, testing and commissioning of the line. Expected to last three years, the project will commence within three months, and the transmission line will cut through the largely untouched Southern Cardamom Mountains. Stung Tatai dam was constructed by the China National Heavy Machinery Corporation for $540mn and began producing electricity in late 2015. (Source: Phnom Penh Post) 

Coporate News

10th April 2017

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