Letter Of Award From AIS Small Hydro Sdn. Bhd.
| Type | Announcement |
| Subject | OTHERS |
| Description |
Salcon Berhad (Salcon or the Company) - Letter of Award from AIS Small Hydro Sdn. Bhd. |
Salcon is pleased to announce that Salcon Engineering Berhad (“SEB”), a wholly-owned subsidiary of the Company, had on 17 April 2023 accepted the Letter of Award dated 14 April 2023 issued by AIS Small Hydro Sdn Bhd, a Special Purpose Vehicle (“SPV”) company formed by Air Selangor Holdings Berhad (“AIS Holdings”) and Worldwide Holdings Berhad (“WHB”) for the following project (“Letter of Award”):-
|
Project |
Date of Commencement |
Date of Completion |
Contract Sum |
|
The Engineering, Procurement, Construction & Commissioning (“EPCC”) for the Development of a 10.44MW Small Hydro Powerplant Project at the Sungai Selangor Dam Under the Feed-In Tariff Mechanism (hereinafter referred to as “the Project”) |
Upon issuance of the Notice to Proceed issued by AIS Small Hydro Sdn Bhd to SEB. |
Not later than 3 May 2025 |
RM64,992,350 |
The Project is a construction contract and has no option for renewal.
The Project is expected to contribute positively towards the earnings and net assets of Salcon Group for the financial years ending 31 December 2023 to 31 December 2025.
Salcon does not foresee any exceptional risks other than execution risks associated with the Project.
The Project will not have any effect on the share capital and substantial shareholders’ shareholding of the Company.
None of the directors and/or major shareholders of the Company, or persons connected with them have any interest, direct or indirect, in the Project.
This announcement is dated 17 April 2023.
Announcement Info
| Company Name | SALCON BERHAD |
| Stock Name | SALCON |
| Date Announced | 17 Apr 2023 |
| Category | General Announcement for PLC |
| Reference Number | GA1-17042023-00034 |