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Logo of Phnom Penh Post newspaper Phnom Penh Post - Malaysia’s Pestech and Furukawa Electric bag $41M job in Cambodia

Malaysia’s Pestech and Furukawa Electric bag $41M job in Cambodia

| Publication date 17 February 2021 | 21:50 ICT

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Malaysia's Pestech International Bhd (PSB). THE STAR (MALAYSIA)

Malaysia’s Pestech and Furukawa Electric bag $41M job in Cambodia

Malaysia's Pestech International Bhd (PSB) and its consortium partner Furukawa Electric Co Ltd have secured two contracts worth 165 million ringgit ($40.8 million) in Cambodia.

Pestech said this is the company’s first successful venture to export extra high voltage underground cable design and laying capability overseas.

In a Bursa Malaysia filing, Pestech said the consortium was awarded the contract today by Electricite du Cambodge (EdC) of Cambodia for Phnom Penh’s transmission and distribution system expansion project phase 2 (I) – package 3, procurement of underground transmission and distribution line works.

The total contract value is 2.22 billion yen ($20.9 million) and $19.94 million.

PSB pointed out that this is the first 230kV underground cable work project undertaken by EdC in Cambodia.

“This is also PSB’s first successful venture to export extra high voltage underground cable design and laying capability overseas,” said the company.

THE STAR (MALAYSIA)/ASIA NEWS NETWORK

Contact author: Asia News Network

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