BURSA Malaysia-listed electrical solutions innovator Powerwell Holdings Bhd has secured two purchase orders totalling RM9.78 mil for the Johor Bahru-Singapore Rapid Transit System (RTS) Link Package 2A project.
Awarded by Raiden M&E Sdn Bhd, these orders are for the RTS Link Bukit Chagar station, including the immigration, customs and quarantine complex (ICQC) in Johor Bahru and Woodlands in Singapore.
They are extension orders related to Package 4 (station and operations control centre) and Package 6 (depot and power supply) of the project which encompass critical installations at the Wadi Hana Depot and the RTS Link Bukit Chagar station.
A significant infrastructure initiative designed to improve cross-border connectivity between Johor Bahru, Malaysia and Singapore, the RTS Link is progressing steadily with construction having reached over 65% completion on both sides to date.
Once completed, the RTS Link will significantly ease congestion at the Causeway, providing a seamless travel experience for thousands of commuters daily.
Powerwell’s involvement in the RTS Link project underscores its commitment to supporting key infrastructure developments that enhance regional connectivity and economic growth.
Set to commence operations by end-2026, the RTS Link will play a crucial role in improving the flow of people and goods between Malaysia and Singapore, thus making it one of the most anticipated cross-border infrastructure projects in Southeast Asia.
“This contract is a testament to Powerwell’s reputation for delivering high-quality electrical solutions for complex infrastructure projects,” commented Powerwell’s executive director (sales and marketing) Soh Wei Wei.
“We are committed to ensuring the successful execution of this project and contributing to the seamless operation of the RTS Link.”
Powerwell’s strategic focus on high-value infrastructure projects such as the RTS Link reflects its broader commitment to supporting Malaysia’s economic development.
With a track record of successful project delivery in sectors including data centres, renewable energy and transportation, Powerwell continues to solidify its position as a leading provider of electrical solutions in Malaysia and the region.
“The RTS Link is more than a transportation project; it symbolises the strong, enduring relationship between Malaysia and Singapore,” envisages Soh.
“At Powerwell, we are not just powering infrastructure, we are strengthening connections that bring communities closer together. This milestone is significant for us and we are excited to contribute to something that will make a lasting impact on both nations.”
At today’s mid-day trading break, Powerwell was unchanged at 38 sen with 4.8 million shares traded, thus valuing the company at RM221 mil. – Sept 2, 2024
