Advancecon Holdings Berhad announced that its associate, Advancecon (Sarawak) Sdn Bhd, bagged an RM45.4 million earthworks contract from PETROS Power Sendirian Berhad.
The company was appointed as the contractor for the proposed construction and completion of earthworks and other related works for the development of Package 1 Earthworks for the Miri Combined Cycle Gas Turbine (MCCGT) Power Plant Project. The work is expected to commence in August 2023 and to be completed within twelve months. This new win marks Advancecon’s second oil and gas project acquired in Sarawak, following Petrofac Engineering Services (Malaysia) last year.
Dato’ Phum Ang Kia, Group Chief Executive Officer of Advancecon Holdings Berhad said: “Advancecon Sarawak has certainly made great headway since the inception. We are thrilled to have secured another oil and gas project from a new client in Sarawak, solidifying our position as a leading earthworks and civil engineering provider in Malaysia. This is surely a reaffirmation of the high quality and dependability of our services, for which we are well renowned.
Our clients’ satisfaction remains our top priority. We have a sufficient fleet of machinery and human resources in Sarawak to execute existing and future projects. To ensure that we can complete the project on time, we will make efficient use of these resources. With this recent contract award in the oil and gas sector, we anticipate strong long-term business prospects. This contract will contribute positively to our earnings and strengthen our track record in the earthworks services segment.”
Other works in Advancecon’s existing orderbook include earthworks for reputed property developers such as Sime Darby, and others, as well as works for significant infrastructure projects like the East Coast Rail Link and the West Coast Expressway.
