KUALA LUMPUR, Feb 6, 2016:
Progressive Impact Corporation Bhd’s (PiCorp) 90%-owned subsidiary, Alam Sekitar EcoTechnology Sdn Bhd (ASET) has accepted a Letter of Award (LoA) for a sewerage treatment plant project worth RM43.6 million.
In a filing to Bursa Malaysia, PiCorp said the LoA for the design, construction, completion, commissioning, testing and handing over of a new sewerage treatment plant of 70,000 PE (Module 1) in Persiaran Iskandar Sultan, Johor Baharu was received from Danga Bay Sdn Bhd yesterday.
ASET expects to complete the project by Sept 30, 2017.
The project is expected to contribute positively to the net assets and earnings of PiCorp group for the financial year ending Dec 31, 2016.
With this award, PiCorp is optimistic of securing more projects of similar nature in the surrounding areas of the project, the group said.