Ipmuda unit bags RM78mil EPCC contract
KUALA LUMPUR: Ipmuda Bhd’s wholly-owned subsidiary Ipmuda Rensol Sdn Bhd has secured a RM78mil engineering, procurement, construction and commissioning (EPCC) contract from Coara Marang Sdn Bhd.
The contract is for the design, erection, connection, commissioning, and testing as well as the supply of equipment for the construction of a 100MWac solar power facility in Marang, Terengganu.
The commencement date of the project is expected to be on Nov 15, Ipmuda said in a filing with Bursa Malaysia yesterday.
The EPCC contract is projected to contribute positively to Ipmuda’s earnings and net assets per share for the financial year ending June 30,2021 onwards until the expiry of the project.
The group said Ipmuda Rensol has taken steps to mitigate risk factors, including undertakings and warranties from subcontractors and suppliers.
Credited from : https://www.thestar.com.my/business/business-news/2020/09/05/ipmuda-unit-bags-rm78mil-epcc-contract