KUALA LUMPUR, Feb 4 — Muhibbah Engineering (M) Bhd today announced it has been awarded a RM16 million contract by Tecnicas Reunidas, SA Group for the design and building of temporary construction facilities and accommodation camp for package three in Petronas’ Refinery and Petrochemicals Integrated Development (Rapid) project in Pengerang, Johor.
In a filing to Bursa Malaysia, Muhibbah said the construction was scheduled to commence in the first quarter and was expected to be completed by the first quarter of 2016.
Tecnicas Reunidas is one of the leading international engineering and construction company for oil and gas production, refining and petrochemicals and power generation projects.
The company was awarded by Petronas as an engineering, procurement, construction and commissioning (EPCC) contractor for Package III, the construction of kerosene hydrotreating unit, diesel hydrotreating unit, naphtha hydrotreating
unit, cracked naphtha hydrotreating unit, and continuous catalytic reformer units in Petronas’ Rapid project.
The contract is expected to contribute positively to the earnings and net assets of Muhibbah Group for the current and future financial years.
The total contract sum is excluding the Goods and Services Tax. — Bernama