BUSINESS

KAB WINS RM230 MLN EPCC CONTRACT TO BUILD POWER PLANT IN SABAH

03/01/2023 02:38 PM

KUALA LUMPUR, Jan 3 (Bernama) -- Engineering and energy solutions provider Kejuruteraan Asastera Bhd (KAB) has secured a RM230 million engineering, procurement, construction and commissioning (EPCC) contract to build a power plant and its associated facilities in Sabah.

It said in a statement that the contract was awarded to its wholly owned subsidiary KAB Energy Holdings Sdn Bhd (KABEH) by Regas Terminal (Lahad Datu) Sdn Bhd (RGTLD), a subsidiary of Petronas Gas Bhd (PGB).

The 52-megawatt power plant would be the sole source of energy supply to Petronas’ upcoming floating liquified natural gas (ZLNG) project at the Sipitang Oil and Gas Industrial Park and the country's single largest gas engine plant.

The ZLNG plant, slated to be Sabah’s first nearshore natural gas facility, has a minimum capacity of 2.0 million tonnes per annum.

“Securing this project award from PGB amplifies KAB’s sustainable energy initiatives undertaken since 2019.

“Our joint feasibility studies with PGB show that the power plant is reliable and will achieve significant carbon reduction,” said KAB's managing director Datuk Lai Keng Onn.

It said the EPCC works for the power plant would commence in the second quarter of 2023 and targeted for completion in the first quarter of 2026. 

-- BERNAMA

 

 


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