Powerwell’s wholly-owned subsidiary, Kejuruteraan Powerwell Sdn Bhd, had accepted a Letter of Award for Sub-Contract Work from One Ocean Environment Sdn Bhd for the supply of low voltage switchboards for the Proposed Development of Sg. Rasau Water Supply Scheme (Stage 1).
The Package 1 includes Design and Build of Proposed Rasau Intake, Raw Water Pumping Mains, Water Treatment Plant and Associated Works for a total contract sum of RM22 million.
The delivery of the Sub-Contract is expected to be completed by end of June 2025.
The group said the Sub-Contract is expected to contribute positively to Powerwell’s consolidated earnings and net assets for the financial year ending 31 March 2025 onwards.
