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BUSINESS

Petronas Gas awards EPCC contract to Carimin Engineering, I Drill Pipelines

21/06/2022 06:30 PM

KUALA LUMPUR, June 21 (Bernama) -- Petronas Gas Bhd (PGB) has awarded an engineering, procurement, construction and commissioning (EPCC) contract to Consortium of Carimin Engineering Services Sdn Bhd and I Drill Pipelines Constructions Sdn Bhd.

In filing with Bursa Malaysia today, PGB said as part of its gas transportation business, the contract encompasses developing an approximately 10-kilometre lateral pipeline and metering station to supply natural gas to a paper-making plant, ND Paper Malaysia (Selangor) Sdn Bhd, in Banting Industrial City, Selangor.

“This project, with a total investment cost of RM92 million, is targeted to be completed and commissioned in August 2023,” said PGB.

The company also noted that PGB intends to utilise its existing Islamic financing facility to fund the project cost.

-- BERNAMA


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