business

WSC bags RM103m Kazakh contract

KUALA LUMPUR: Wah Seong Corp Bhd’s (WSC) indirect subsidiary, PT Wasco Engineering Indonesia, has been awarded a contract by Siemens SAS for the design and build up of three substations for a project in Kazakhstan worth RM103.64 million.

In a filing to Bursa Malaysia, the company said the scope of work of the contract involves 3D modelling, structural analysis and design, blast wall design and design of all ancillary system such as lighting, safety, and fire and gas detection.

It said the contract also includes the provision of all necessary manufacturing drawings and full procurement of all items within its design scope and subsequently the responsibility for all aspects of the construction phase including installation and integration of all of the free issue equipment.

The work is expected to commence in the third quarter of 2017 and be completed by Oct 30, 2018, it said.

WSC said the contract is for the provision of engineering, design, supply and fabrication services within the business scope of the engineering division of the Group and the risks are the normal operational risks associated with the said business.

The contract is expected to contribute positively to the earnings of WSC Group over the contract period.

The contract is project specific and is not renewable, it said.

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