OTHERS AWC BERHAD ("AWC" OR "THE COMPANY") Title of the Project:- "CADANGAN MEREKABENTUK DAN MEMBINA "COMPACT WATER TREATMENT PLANT" BERKAPASITI 30JLH DI CHIN-CHIN, DAERAH JASIN, MELAKA (the "Project")" - Letter Of Award - Sub-Contract for Proposed 30MLD Packaged Water Treatment Plant (the "Works")
| AWC BERHAD |
| Type | Announcement |
| Subject | OTHERS |
| Description | AWC BERHAD ("AWC" OR "THE COMPANY")
Title of the Project:-
"CADANGAN MEREKABENTUK DAN MEMBINA "COMPACT WATER TREATMENT PLANT" BERKAPASITI 30JLH DI CHIN-CHIN, DAERAH JASIN, MELAKA (the "Project")"
- Letter Of Award - Sub-Contract for Proposed 30MLD Packaged Water Treatment Plant (the "Works") |
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1. INTRODUCTION
The Board of Directors of AWC is pleased to announce that its Joint Venture (“JV”) between its wholly-owned subsidiary DD Techniche Sdn. Bhd. (“DDT”) with Techkem Utilities Sdn. Bhd. and Techkem Resources Sdn. Bhd. (collectively referred as “TECHKEM”) via Techkem Utilities Sdn. Bhd. had on 30 November 2020 accepted a Letter of Award from Aliran Intelek Sdn Bhd for sub-contract works relating to the civil and structural (“C&S”) and mechanical and electrical works (“M&E”) for the above Project for a total contract sum of RM20,865,000.00 (Ringgit Malaysia Twenty Million Eight Hundred and Sixty Five Thousand) (inclusive of 6% GST).
2. DURATION OF THE PROJECT
The Main Contract shall commence from 28 October 2020 and the Works shall be completed by 15 June 2021, or such other extended date(s) as may be applicable under the provisions of the Main Contract.
3. RISK FACTORS
The potential risks involved in this Project are considered normal operational risks and are the same with all our engineering projects undertaken.
4. FINANCIAL EFFECTS
The Project is expected to contribute positively to the earnings of the AWC Group over the duration of the Project.
5. DIRECTORS AND MAJOR SHAREHOLDERS’ INTERESTS
None of the Directors and major shareholders’ of AWC and/or persons connected to them has any interest, direct or indirect, in the Project.
6. DETAILS OF THE WORKS
The Works shall include engineering, supply, installation & construction, supervision, Testing and Commissioning and all related works for the implementation and execution of the overall entire 30MLD packaged water treatment plant (C&S, M&E) using Gravity Sand Filter system including floating pontoon intake, at Loji Rawatan Air Chin-Chin, Daerah Jasin, Melaka.
The Project and the arising Works is part of the Group’s intention to strengthen its engineering offerings and be involved in water related projects through its JV with TECHKEM.
7. OTHER INFORMATION
Pursuant to Clause 6.1 of the JV Agreement dated 15 October 2020, DDT and TECHKEM have agreed to participate in the project on a 20:80 basis, respectively.
The securing of the Project Works further enhances the AWC Group’s overall existing order book.
This announcement is dated 2 December 2020. |
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Announcement Info
| Company Name | AWC BERHAD |
| Stock Name | AWC |
| Date Announced | 02 Dec 2020 |
| Category | General Announcement for PLC |
| Reference Number | GA1-01122020-00035 |