The low voltage and medium voltage electrical power distribution equipment manufacturer and solutions provider, has, via its wholly-owned subsidiary, Powerwell International, secured a contract worth RM94 million from Tialoc Malaysia.
The contract entails supplying, installing, testing and commissioning LV panels for a new building project of a leading multi-national corporation in Kulim Hi-Tech Park, Kedah, Malaysia. This is Powerwell’s second contract from Tialoc Malaysia in 2022.
This contract will commence in June 2022 and is targeted to be completed by March 2023. With this contract, Powerwell’s outstanding order book stands at RM201 million.
“We would like to thank Tialoc Malaysia for this second contract. According to ASEAN Centre for Energy, the electricity demand in Southeast Asia will triple from 2022 to 2050, where we see the opportunities to expand our business from the demand of our solutions for both conventional and renewable energy generation in the region,” Powerwell regional sales and marketing director Ir Aaron Leong said.
Powerwell has continued to expand its footprint in the international markets, especially in the Southeast Asia region, since the inception of its first overseas project in year 2000,
“Currently, our products are exported to various countries including Indonesia, Pakistan and Bangladesh. Going forward, we will continue to actively participate in the tenders while leveraging on our strong track record over the past 30 years to strengthen our regional presence,” Aaron Leong added.
