UUE Unit Wins RM67.3 Mln Power Cable Contract In Singapore
KUALA LUMPUR, Nov 4 (Bernama) -- UUE Holdings Bhd’s wholly-owned subsidiary, Konnection Engineering Pte Ltd, has secured a RM67.3 million contract from Wee Guan Construction Pte Ltd, marking its largest order win in Singapore to date.
In a filing with Bursa Malaysia today, the Johor-based engineering company said the contract involves the supply and installation of 230 kilovolt power cables, auxiliary cables and accessories, including the installation of high-density polyethylene (HDPE) pipes using the horizontal directional drilling (HDD) method.
“The project, with SP PowerAssets Ltd as the principal, is expected to be completed by end-2027,” it said.
UUE said the latest win lifts its order book to an all-time high of RM521.9 million, providing strong earnings visibility over the next two to three years.
“The total year-to-date contract wins have exceeded RM362 million. This achievement underscores UUE’s proven capabilities in delivering high-quality solutions for Singapore’s utility infrastructure projects,” it said.
UUE managing director Datuk Dr Ting Kok Hwa said the company’s job scope has now expanded to a full-scale role, covering the provision of materials, labour and equipment, compared with the smaller HDD service packages secured previously.
“The planned expansion of our in-house HDPE pipe manufacturing arm is progressing on track to support our growing market share. With Singapore’s construction sector remaining vibrant, we believe UUE is well-positioned to accelerate its operational growth in the country,” he said.
-- BERNAMA