Monday, October 3, 2011

Octagon awards RM70m gasification plant job to KNM

KUALA LUMPUR: OCTAGON CONSOLIDATED BHD [] has awarded a US$22 million (RM70.18 million) contract to KNM GROUP BHD [] to build an advanced thermal gasification reactor.

Octagon said on Monday, Oct 3 its unit Green Energy and TECHNOLOGY [] Sdn Bhd (GreenTech) had sealed a contract with KNM Process Systems Sdn Bhd for the reactor. The contractor would undertake the manufacturing, engineering, installation and pre-commission of the reactor.

GreenTech is undertaking Octagon's waste to energy business and it had developed the reactor to be used by its subsidiary Orizon Renewable Energy (Private) Ltd'' for its waste to energy plant in Sri Lanka.

The project involves the generation of renewable energy from municipal solid waste at the project site covering up to 20 acres of land in Karadiyana.

It would be implemented under public private partnership'' between Orizon and the Waste Management Authority of Western Province, an agency under the Sri Lanka government.

On Sept 12, Octagon announced Orizon had received the letter of intent from the Ceylon Electricity Board to purchase electrical energy generated from Orizon's waste to energy plant.

KNM Process had also been shortlisted as one of the contractors for the engineering, procurement, CONSTRUCTION [] and commissioning (EPCC) contract for the waste to energy plant in Colombo.

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