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BUSINESS

Serba Dinamik secures 15 O&M, EPCC contracts

11/08/2021 09:20 PM

KUALA LUMPUR, Aug 11 -- Serba Dinamik Holdings Bhd (SDHB), through its Malaysian and Indonesian subsidiaries, has secured 15 operations and maintenance (O&M) and engineering, procurement, construction, and commissioning (EPCC) contracts.

The global integrated oil and gas service provider said in a statement that of the 15 contracts, eight were valued at US$67.7 million (RM286.3 million) with the duration of works up to  May 31, 2024.

SDHB said its PT SDI  unit secured three O&M jobs in Indonesia, two from PT Pertamina and one from Saka Energi Muriah Ltd. 

Through Serba Dinamik International Ltd, the company secured one EPCC contract for the 57.3-megawatt (MW) Myagdi Khola Hydropower project in Nepal’s Gandaki Province.

The group also bagged several contracts from Gas Malaysia Distribution Sdn Bhd. 

SDHB chairman Datuk Ilyas Mohamed said these contracts were evidence that the company’s operational business is still in a good shape despite the challenges it is facing on the corporate front.

“Backed by our good track record, we are optimistic that Serba Dinamik has strong capability to deliver those 15 projects while ensuring that they contribute to the company’s revenue stream,” he said in the statement.

SDHB said the contracts secured are expected to contribute positively to the group’s earnings for the financial year ending June 30, 2022.

-- BERNAMA


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