Tuesday, December 21, 2010

KNM unit lands RM2.19b job in UK

KUALA LUMPUR: KNM GROUP BHD []'s wholly owned subsidiary, KNM Process Systems Sdn Bhd (KNMPS) has secured a contract worth ''450 million (RM2.19 billion) to develop an 80MWe gross capacity biomass and waste recycling centre project in Peterborough, United Kingdom.

KNM said on Tuesday, Dec 21 that the contract for the EnergyPark Peterborough was with Peterborough Renewable Energy Limited, and the duration was for four years from the commencement date.

The company said the project represented its drive into the renewable and clean energy sector.

KNMPS is principally involved in the design, engineering, procurement and manufacturing of process equipment, including without limitation pressure vessels, reactors, columns and towers, drums, heat exchangers, air finned coolers, process gas waste heat boilers and specialised shell and tube heat exchangers, condensers, spheres, process tanks, mounded bullets, process skid packages and turnkey storage facilities as well as technical and project management services in relation to process equipment, plant facilities and general facilities for the oil, gas, petrochemicals, minerals processing and renewable energy industries worldwide

KNM said the contract was expected to contribute positively to its earnings for the financial years ending Dec 31, 2011, 2012, 2013 and 2014.


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