Monday, August 22, 2011

Mudajaya clinches RM720m contract

KUALA LUMPUR: Mudajaya Corp Bhd has clinched a RM720 million contract for the design and civil works for part of the Manjung power plant.

It said on Monday, Aug 22 its unit had signed a subcontract with CMC Machipex Sdn Bhd''for the detailed design and CONSTRUCTION [] of all civil works associated with the balance of plant component of Manjung No. 4 power plant project.

The contract also involved only the civil works for the power island on a re-measured bills of quantity basis.

'The project has commenced works on June 6, 2011 and is expected to be substantially''completed by''November 2013,' Mudajaya said, adding it expected the project to o contribute positively towards the''earnings and net assets of the group for the current and future financial years.

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