PESTECH International Bhd’s wholly-owned subsidiary, Pestech Sdn Bhd has received a notice of award from National Grid Company of Philippines (NGCP) for the construction of Cebu-Bohol 230kV Interconnection Project (substation portion).
The offshore portion was valued at US$13.9 mil while the onshore portion was worth PHP439.9 mil.
In a filing with Bursa Malaysia, Pestech said this was the third power infrastructure project awarded by NGCP to Pestech after the TIWi and Calamba projects.
Under the project, Pestech will deliver a new 230kV outdoor substation at Bohol as well as 138kV extension works at the existing substation at the same place. It will also provide design, engineering services, testing and commissioning as required for supply and delivery of equipment, civil works, foundations and building for the project.
NGCP has lined up an array of projects to improve the country’s transmission networks and is expected to continue investing in the electrical infrastructure backbone in order to support the robust growth of the Philippines.
