Tuesday, 1 May 2012

Kencana HL, Shinryo get Petronas Gas job

Kencana HL Sdn Bhd, in consortium with Shinryo (M) Sdn Bhd, had signed a contract with Petronas Gas Bhd to provide engineering, procurement, construction and commissioning (EPCC) work for two co-generation plants.

The portion of the contract value for Kencana HL which is a wholly-owned subsidiary of Kenchana Petroleum Bhd, is estimated at RM35 million.

In a filing to Bursa Malaysia, Kencana Petroleum said the plants would have a combined capacity of 50MW of electrical power and steam capacity of 120 tonnes per hour.

The contract forms part of Petronas Gas’ gas processing plant in Kertih, Terengganu, it said.

Kencana Petroleum said the contract's scope of work in general included project management, engineering, procurement, construction and installation of steel structures, piping and equipment as well as civil works.

The contract is expected to be fully completed by the first quarter of 2014 and contribute positively to the earnings and net assets per share of Kencana Petroleum Group for the duration of the contract, it said. -- Bernama