KUALA LUMPUR: Hock Seng Lee Bhd (HSL) has secured a RM54.3 million contract from Sarawak Energy Bhd (SEB) for a combined project involving the coal-fired power plant in Mukah, Sarawak
In an exchange filing today, HSL said the 2X312MW Balingian Coal-Fired power plant project includes earth works and common facilities and package C05C for the operator’s residence.
“The scope of works for HSL includes pilling, earth works, infrastructure works, building works for staff accommodation and related amenities as well as the associated mechanical and electrical works.”
HSL said the contract period is for 18 months and physical construction work is expected to commence this month.
“The contract is expected to contribute positively to the earnings and net assets of HSL Group as the project progresses during the contract period.”
However, it said the transaction will not have any effect on the share capital and substantial shareholdings of HSL.