Logo of Phnom Penh Post newspaper Phnom Penh Post - Pestech extends and ups power contract

Pestech extends and ups power contract

Pestech extends and ups power contract

Malaysian-owned power infrastructure provider Pestech (Cambodia) Ltd has upgraded and expanded its agreement with Cambodia’s Alex Corporation to develop a transmission line and power substation, according to a company filing to the Bursa Malaysia late last week.

The agreement will raise the investment capital for a Sihanoukville-to-Phnom Penh line and a Stung Hav sub-station to $143.9 million, from $86.1 million.

The projects, which were initially awarded to the company in 2014 and set to be completed this year, are now set to be completed in late 2019, delaying payments to the state-owned energy provider Electricite du Cambodge (EdC) until completion.

Malaysian financial services company K&N Kenanga Holdings announced last October that Pestech was seeking two additional energy supply contracts in the Kingdom.

MOST VIEWED

  • Hungarian exposes 90 to Covid in Siem Reap

    The Ministry of Health has discovered 90 people who have been exposed directly or indirectly to a Hungarian man infected with Covid-19. They all are required to quarantine at home and the hospital. The ministry is searching for other affected people. Among the 90, one is the

  • PM warns of ‘new Cold War’

    Prime Minister Hun Sen said the possibility of a so-called new Cold War has become a significant concern and that all countries have to reject outright, any attempt to allow history to tragically repeat itself. He made the remarks in a speech during 75th Session

  • PM: West unfair to Cambodia

    Prime Minister Hun Sen released a message celebrating the International Day of Peace on Monday, saying that some major powers and western countries had been systemically cooperating to put political pressure on Cambodia as they did in the 1970s and 1980s. Hun Sen said pressuring

  • ‘Bad news is an investor’s best friend’ – unlocking investment potential in Cambodia

    It is time to shop. Economic woes provide good pickings for investors if they know where to look The poem If, written by English Nobel laureate poet and novelist Rudyard Kipling for his son circa 1895, is widely perceived as fatherly advice for John who would

  • Cambodia, CRF win rice battle in EU Court

    The European General Court has rejected the European Commission’s (EC) request to reject a complaint submitted by Cambodia and the Cambodian Rice Federation (CRF) regarding the EU’s reintroduction of tariffs on Indica rice exports from Cambodia. A court order uploaded to the European

  • PM requests Russia’s Covid vaccine

    Prime Minister Hun Sen has requested that Russia provide Cambodia with its Covid-19 vaccine after the former announced it planned on mass vaccinating its population next month. The request came on Thursday through the prime minister’s Facebook page as he met with Anatoly Borovik,