Powerwell bags RM9.1m contracts from Sunway

by BERNAMA / pic credit: powerwell.com.my

POWERWELL Holdings Bhd’s wholly-owned subsidiary, Kejuruteraan Powerwell Sdn Bhd, has secured two contracts worth RM9.1 million from Sunway Group.

In a filing with Bursa Malaysia today, it said the first contract involved the design, supply and installation of low voltage (LV) switchboards for six elevated stations of the Light Rail Transit Line 3 (LRT3) worth RM3.0 million.

The second contract involved the design, supply and installation of LV switchboards for a mixed development project along Jalan Ampang here, worth RM6.1 million.

As an approved LV switchboard vendor for the LRT3 project, Powerwell said that it is in a good position to secure more LRT3-related contracts as works on the LRT3 project progress.

“Powerwell’s outstanding order book stands at RM80 million and this is expected to contribute positively to its financial performance until the year 2021,” it said .