USEUROPEAFRICAASIA 中文双语Français
Business
Home / Business / Companies

China's company earns $456m power plant project from Malaysian energy service provider

Xinhua | Updated: 2017-10-10 17:16

KUALA LUMPUR - Malaysia's listed oil and gas services provider KNM has awarded a $456 million power plant project to China Western Power Industrial Co Ltd (CWPC), a firm based in Southwestern China's Sichuan province.

KNM told the Malaysian stock exchange on Tuesday that its subsidiary in Britain, Peterborough Green Energy, had awarded an engineering, procurement, construction and commissioning (EPCC) contract to CWPC on a deferred payment scheme.

The EPCC contract pertains to the erection of a net 36-megawatt energy from waste power plant for KNM's Peterborough Green Energy Project in Britain for a period of 37 months from the commencement date of the construction.

The construction of the project is expected to commence in the first quarter of 2018, according to KNM.

Lee Swee Eng, KNM's chief executive officer, said in a press release after the signing ceremony that he sees CWPC, which is listed on the Shenzhen Stock Exchange, as a formidable partner as it has sound financing, expertise and strength in the area of research and development, manufacturing of large-scale boilers and auxiliary equipment.

Once the Peterborough Green Energy project is successfully completed and commissioned, it will contribute another significant stream of long term recurring income to KNM, Lee said.

Most Viewed in 24 Hours
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US