KUALA LUMPUR: PESTECH International Bhd's subsidiary PESTECH Sdn Bhd has collectively bagged RM104.3 million contracts in relation to the Nabas-Caticlan-Boracay 138kV transmission line project from the National Grid Corp of the Philippines (NGCP).
The contracts have two parts namely for the offshore portion worth US$15.56 million (RM63.4 million) and the onshore portion worth 483.31 million Philippine peso (RM40.9 million).
In an exchange filing today, PESTECH said it would be designing, supplying, installing, testing and commissioning of a new Boracay substation and expansion of the existing Nabas substation.
The project primarily aims to accommodate the projected load growth of Caticlan and Boracay Island.
The expansion of Nabas substation includes addition of two bays consisting of four new power circuit breakers from the existing 138kV, breaker-and-a-half configuration switchyard.
PESTECH said the expansion would accommodate the new 138kV transmission lines coming from the new Boracay substation, consisting primarily of double bus configuration gas-insulated switchgears (GIS).
The 138kV GIS has five bays to accommodate four feeders and a bus coupler with provision for expansion.
The 69kV GIS has six bays to accommodate five feeders and a bus coupler with provision for future expansion.
Two new 100 MVA power transformers will be installed in the new substation.
The commencement date of the project will be determined by NGCP later.
"The project will contribute positively towards the revenue and earnings of PESTECH in accordance to the stage of project progress to be recognized in the financial years ending June 30, 2021 to 2022," it said.