Kinergy JV secures RM646mil EPCC contract for 120MW plant in Labuan
KUALA LUMPUR: Kabeh-Sinohydro, a joint venture (JV) between a Kinergy Advancement Bhd (KAB) subsidiary and Sinohydro Corp, has secured a RM646.32 million engineering, procurement, construction and commissioning (EPCC) contract for a 120-megawatt (MW) power plant in Labuan, Sabah.
Kabeh-Sinohydro, an unincorporated JV between KAB Energy Holdings Sdn Bhd and Sinohydro Corp (M) Sdn Bhd, secured the job from Rancha Power Sdn Bhd (RPSB).
RPSB is a JV company between PG Energia Sdn Bhd, a wholly owned subsidiary of Petronas Gas Bhd (PGB), Sustainable Power Sdn Bhd, a wholly owned subsidiary of Sabah Electricity Sdn Bhd, and SEC Power Sdn Bhd, a wholly owned subsidiary of Sabah Energy Corporation Sdn Bhd.
"This project is expected to contribute to the growth of the group's income and strengthen its technical expertise in delivering complex energy infrastructure. Upon the completion of the project, it will further reinforce the group's position in the realm of Sustainable Energy Solutions," KAB said in a filing to Bursa Malaysia today.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
The Sun
20-05-2025
- The Sun
Kinergy Advancement secured RM646.3m EPCC contract for Sabah power infrastructure
KUALA LUMPUR: Kinergy Advancement Bhd's (KAB) subsidiary, KAB Energy Holdings Sdn Bhd, has bagged a letter of award (LoA) from Rancha Power Sdn Bhd to undertake the engineering, procurement, construction, and commissioning (EPCC) of a 120-megawatt gas engine generator power plant in Labuan, scheduled for completion by the first quarter of 2028. According to a Bursa Malaysia filing, the LoA, dated May 13, 2025, is KAB's third major energy infrastructure contract win from Petronas Gas Bhd's Rancha Power Sdn Bhd unit. Rancha Power is a joint venture comprising PG Energia Sdn Bhd, a subsidiary of Petronas Gas, Sustainable Power Sdn Bhd, a subsidiary of Sabah Electricity Sdn Bhd, and SEC Power Sdn Bhd, a subsidiary of Sabah Energy Corporation Sdn Bhd, established to collaboratively manage the development and ownership of this 120MW power plant. The filing noted that the awarded EPCC contract is worth RM646.3 million for a new 120MW dual-fuel gas engine power plant strategically located at Rancha-Rancha Industrial Estate, Labuan, East Malaysia. This project reinforces East Malaysia's energy security and ensures long-term regional energy reliability. KAB's previous project wins include a joint venture with Petronas Gas for a RM230 million, 72MW power plant in Sabah secured on February 3, 2023. This deal includes a strategic 10% equity stake in Regas Terminal (Lahad Datu) Sdn Bhd, positioning KAB as a key local technical partner. Notably, on November 6, 2023, KAB secured an RM33.3 million EPCC contract from Pengerang LNG (TWO) Sdn Bhd. This project involved the expansion and transformation of 137,000m³ liquefied natural gas carriers into a floating storage unit (FSU). Both projects underline KAB's growing stature and established capabilities in delivering major energy infrastructure. KAB has undergone rapid and successful transformation over the past seven years, notably by the sector reclassification from engineering to energy on January 13, 2025. Transitioned from a traditional engineering company into a comprehensive sustainable energy solutions (SES) provider, reinforcing sustainable earnings through diversified services. KAB's robust technical expertise remains its core strength, clearly defining its unique value proposition in the sustainable energy landscape.
New Straits Times
19-05-2025
- New Straits Times
Kinergy JV secures RM646mil EPCC contract for 120MW plant in Labuan
KUALA LUMPUR: Kabeh-Sinohydro, a joint venture (JV) between a Kinergy Advancement Bhd (KAB) subsidiary and Sinohydro Corp, has secured a RM646.32 million engineering, procurement, construction and commissioning (EPCC) contract for a 120-megawatt (MW) power plant in Labuan, Sabah. Kabeh-Sinohydro, an unincorporated JV between KAB Energy Holdings Sdn Bhd and Sinohydro Corp (M) Sdn Bhd, secured the job from Rancha Power Sdn Bhd (RPSB). RPSB is a JV company between PG Energia Sdn Bhd, a wholly owned subsidiary of Petronas Gas Bhd (PGB), Sustainable Power Sdn Bhd, a wholly owned subsidiary of Sabah Electricity Sdn Bhd, and SEC Power Sdn Bhd, a wholly owned subsidiary of Sabah Energy Corporation Sdn Bhd. "This project is expected to contribute to the growth of the group's income and strengthen its technical expertise in delivering complex energy infrastructure. Upon the completion of the project, it will further reinforce the group's position in the realm of Sustainable Energy Solutions," KAB said in a filing to Bursa Malaysia today.
Borneo Post
29-04-2025
- Borneo Post
RM208.9 mln Kuala Baram Dredging Project almost six months ahead of schedule, says Uggah
Uggah (second left) and others aboard a vessel during their inspection tour of the project. MIRI (April 29): The RM208.9 million Kuala Baram Delta Miri Access Channel Dredging and Deepening Project is progressing ahead of schedule and on track for early completion, said Sarawak Deputy Premier Datuk Amar Douglas Uggah Embas. Speaking during a site visit and conducting an inspection tour by boat today, Uggah commended the joint venture contractors, Rimbun Prima Sdn Bhd (RPSB) and China Communications Construction Company (M) Sdn Bhd (CCC) for their commitment and ability to meet the project's challenges. 'It is currently 0.3 per cent ahead of schedule and so far, we are very pleased to see the progress. It appears they have both the resources and the technology to deliver,' said Uggah, who also serves as Second Minister for Finance and New Economy and Minister for Infrastructure and Port Development. 'There's still a lot of work ahead, but this is a project that, when completed, Sarawak can truly be proud of,' he added. The project started in July last year and is expected to finish by the end of 2026—six months earlier than its original March 2027 deadline. The joint venture contractors, Rimbun Prima Sdn Bhd (RPSB) and China Communications Construction Company (M) Sdn Bhd (CCC) is undertaking the dredging and the construction of two six-kilometre-long dikes, each with a depth exceeding 25 metres,. The contractors are working round the clock to meet their early delivery pledge. 'We agreed from the beginning that the training bund must be ready by the end of 2026,' he said. 'They have confirmed that they are sticking to this schedule, and we will be monitoring the progress closely, ' Uggah told the press at the site. Uggah noted that his visit today was part of the Sarawak government's emphasis on a hands-on and delivery-focused approach. 'The Premier has directed us to go to the ground regularly. Being present makes a difference, as it allows us to address issues as they arise, discuss them amicably, and ensure that the project ultimately benefits the state, our people, and the economy.' Also present during the inspection were Minister for Transport Sarawak Datuk Seri Lee Kim Shin, Deputy Minister for Infrastructure and Port Development II (Port Development) Datuk Majang Renggi, Miri Port Authority (MPA) chairman Dato' Paulus Palu Ngumbang, MPA general manager Serawa Budol, JKR State Director Ir Dr Cassidy Morris and Miri Resident Galong Luang. ahead of schedule development douglas uggah embas dredging project
