POWERWELL Holdings Bhd, a global specialist in power distribution management, has through its wholly owned subsidiary Kejuruteraan Powerwell Sdn Bhd (KPSB) secured a RM22 mil sub-contract work with One Ocean Environment Sdn Bhd for the supply of low voltage (LV) switchboards.
The sub-contract is part of the Sg. Rasau water supply scheme’s first stage in Selangor. The scope of the sub-contract includes the supply of LV switchboards and all necessary materials, labour, plants or machineries, and supervision for the execution and completion of the works.
“This contract marks a significant milestone for our group as we continue to strengthen our market presence and deliver on our promise of quality and reliability,” commented Powerwell’s executive director Catherine Wong.
“We are fully committed to ensuring that the LV switchboards supply for One Ocean meets the highest standards of excellence.”
The award of the sub-contract reflects Powerwell’s ongoing commitment to delivering high-quality electrical solutions and its capability to undertake large-scale projects. It is comprehensive in that it ensures that the group is responsible for the project from inception to completion.
“Our team’s expertise and dedication have been key in securing this substantial contract. We look forward to working closely with One Ocean while contributing to the efficient and sustainable development of the project,” noted Wong.
With the project’s completion date set at end-June 2025, Powerwell is committed to adhering to strict timelines while maintaining the highest standards of quality and safety.
The contract’s scope also ensures the provision of all necessary protection and insurance for the workforce and compliance with all local regulations and statutory contributions.
Above all else, this contract further strengthens Powerwell’s position in the market as a leading provider of electrical components and engineering services.
“We are proud to be a part of this strategic development and look forward to delivering a successful project that meets the high standards set by One Ocean,” added Wong.
At 4.51pm, Powerwell was up 2 sen or 5% to 42 sen with 6.99 million shares traded, thus valuing the company at RM244 mil. – April 22, 2024
